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30 Mar, 2023 Indonesia hot drinks sector will expand at 7.9% CAGR through 2027, forecasts GlobalData Share Print page ... | March 30, 2023
Indonesia has long been a major coffee producing nation, yet premium coffee and café culture have historically been out of reach for many consumers. This dynamic is rapidly changing with the expansion of international coffee chains and a new crop of home-grown operators making one of the country’s prime exports more accessible than ever, reports Isabelle Mani
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Desty, an Indonesia-based startup building a full stack e-commerce solution for merchants, announced Thursday it has raised a new round of funding led by Square Peg. This is in addition to funds raised from a Pan Asia investor base last year, including East Ventures, Jungle Ventures and 5Y Capital and other prominent angel investors in the region.
Flash Coffee raised over $30 million, boosting the company's valuation to $175 million.