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Indonesia coffee chain hits unicorn status with $96m pre-IPO round

Kopi Kenangan prepares to list as executives cash in millions worth of shares

With over 560 outlets across Indonesia, Kopi Kenangan now plans to expand to Thailand, the Philippines and Malaysia. (Captured from Kopi Kenangan website)

NEW DELHI -- Indonesian coffee chain Kopi Kenangan has closed a $96.1 million Series C funding round from investors including Tybourne Capital Management, Falcon Edge and B Capital Group, regulatory filings show.

The round was a mix of primary and secondary transactions. According to industry sources, the Series C round is likely to be Kopi Kenangan's last financing before an initial public offering.

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