Homegrown coffee chain Kopi Kenangan has raised US$109 million in its latest series B funding, securing the funding for its international expansion and technology investment, among others.Sequoia Capital led the funding, while new investors, including Hong Kong’s Horizons Ventures, Chinese internet company Kunlun, as well as the company’s first institutional investor, Alpha JWC Ventures, joined in on the latest effort to raise funds. Meanwhile, B Capital, a venture founded by social media giant Facebook cofounder Eduardo Saverin, also joined the series B funding, while Eduardo will also be joining Kopi Kenangan’s board of directors. Topics : “Food and beverage is one of the largest consumer opportunities in Southeast Asia and Kopi Kenangan has built a compelling identity among Indonesians. We are looking forward to bringing the same experience as the business expands into newer markets,” Sequoia Capital Singapore vice president Rohit Agarwal said in a statement on Tuesday.Founded in 2017, Kopi Kenangan plans to operate 500 stores across the country by the end of this year, from 324 stores currently. It also plans to offer a wider range of food and beverage options from local merchants and its cloud kitchens, apart from its current staples such as boba, tapioca pearl milk tea and iced coffee.The funding also gives a greenlight for the company’s expansion plan across neighboring countries, including Thailand, the Philippines and Malaysia, after the pandemic ends.Kopi Kenangan received $20 million in series A in June last year, as well as additional investments from global celebrities such as rapper Jay-Z, tennis star Serena Williams and basketball player Caris LeVert, who invested in the company through their respective venture companies in December.Edward Tirtanata, cofounder and CEO of Kopi Kenangan, said the start-up had also been hands on in responding to the COVID-19 pandemic by providing face masks, hand sanitizer and protective shields to customers and employees in stores. “The hospitality industry is facing the biggest existential crisis of our generation,” he said. “We are adapting quickly to the challenge through contactless commerce and uncompromising hygiene standards throughout our stores.” (eyc)
If you were wondering whether Andy Murray’s win at Wimbledon caused a fan to do anything crazy—like get a tattoo of the tennis star’s image on his or her butt—the answer is yes.The Daily Mail reports on one fan who lost a bet and had to get Murray’s image tatted on his rear, and he sounds pretty ecstatic about the whole ordeal.The booty tat you will see below belongs to Will Hirons, who sent out the following tweet ahead of Murray’s win this weekend, the first for a British male in 77 years.As we now know, Murray took down the formidable Novak Djokovic 6-4, 7-5, 6-4, leading to all of Britain losing their minds in the best way possible. Except for our friend here, who managed to turn triumph into absurdity.Off in Hereford, Hirons was no doubt freaking out just a little, knowing that he now had to lay down and get some ink where only his closest friends would see.Well, along with all of Twitter. Here is the aftermath of Murray’s triumph, according to Hirons and his now tattooed rump.According to the report, this is hardly the first time someone made good on an awful bet.Manchester City supporter Rodney Ward saw red after having to honour a drink-induced bet by getting a tattoo of arch rivals Manchester United’s badge etched on his chest.Now that sounds painful, both to the ego as well as to the chest area. In Hirons’ case, it sounds like he was excited to get the tattoo, seeing the humor in all of it.Something tells me he was sitting on the edge of his seat in the third set Sunday, waiting to get his badge of honor that pretty much makes him the biggest Murray fan in the world.