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Top related persons:
Edward Tirtanata - 1 Ernestine Siu - 1 It's - 1 Serena Williams - 1 Jay - 1 Eduardo Savrin's - 1 Edward - 1 Kopi Kenangan - 1
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Jakarta Singapore New York Indonesia Vietnam Southeast Asia Boston United States
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Alpha JWC Ventures - 1 Northeastern University - 1 Starbucks - 1 Entrepreneurship - 1 Toyota - 1

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3 mentions found


☆ How I built a billion dollar coffee company called Kopi Kenangan
  + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com   time to read: +12 min
And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.
Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian
☆ Southeast Asian venture capital firms expect to be pickier in 2023 than in 2022
  + stars: | 2022-12-20 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +6 min
Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. Malte Mueller | Fstop | Getty ImagesVenture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and economic headwinds slowing growth in 2022. Sequoia Southeast Asia raised a $850 million fund in June, East Ventures raised $550 million in July, and Insignia Ventures Partners raised $516 million in August. Indonesia-based e-grocery company HappyFresh ceased operations in Malaysia after seven years, while Grab discontinued its quick commerce service GrabMart Kilat in Indonesia. "The 15-minute model of quick commerce in Southeast Asia is very difficult because the unit economics are very negative.
☆ Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways
  + stars: | 2022-12-08 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
Lauryn Ishak | Bloomberg | Getty ImagesMore tech startups in Southeast Asia laid off workers this year, as macro headwinds widened losses and venture capitalists pushed startups to extend their runways. Jia Jih Chai RainforestThey join Sea Group and other companies in the region in downsizing headcount. Sea Group, according to local media, laid off more than 7,000 employees over the past six months. Tech startups in Southeast Asia are still largely unprofitable, with names like Sea Group and Grab amassing billions of losses annually. Existing investors in the company are also actively advising founders to prepare for winter, Jussi Salovaara, Antler's co-founder and managing partner for Asia, told CNBC.
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