Under Construction

Source: Thailand Medical News  Nov 21, 2019

Indonesian Beverage Startup, Fore Coffee To Expand With 1,000 Locations Through Collaboration With Airy Properties

Indonesian Beverage Startup, Fore Coffee To Expand With 1,000 Locations Through Collaboration With Airy Properties
Source: Thailand Medical News  Nov 21, 2019
Beverage  tech startup, Fore Coffee which is Indonesia based,  announced a strategic partnership with local hospitality chain Airy to add 1,000 new locations in Indonesia within the next 12 months.

At present, the first Fore Coffee store at an Airy location is located in South Jakarta. Fore Coffee will soon open in several more Airy properties spread across 100 cities in Indonesia, according to a statement. The startup said it will start with 50 locations for the first phase.

The proliferation and expansion would make Fore Coffee the largest coffee chain in the country, as the current biggest brand, Starbucks, has between 400 and 500 stores in the archipelago, according to East Ventures co-founder and managing partner Willson Cuaca as quoted by local media.

Fore Coffee’s CEO Danny Handoko told Thailand Startup News, “Airy is committed to providing travel solutions with the best service to travelers while supporting the government in improving Indonesia’s tourism and creative economy industry. This collaboration with Fore Coffee is a manifestation of our commitment.”

Since its founding in August 2018, Fore Coffee said it has opened over 100 outlets in various cities in Indonesia within its first year.

Prior to Fore Coffee debuting in  the market, there were already established international chains operating in the country, including Starbucks and The Coffee Bean and Tea Leaf. However, Fore Coffee’s operation is more comparable to the likes of Chinese coffee chain  Luckin Coffee as its “new retail” model combines physical stores with online ordering and on-demand delivery.

Fore Coffee also competes against homegrown brands such as Kopi Kenangan, which recently raised  US$20 million from Sequoia India in a series A round. Kopi Kenangan said it plans to use the funds to open 150 outlets in Indonesia by the end of the year and expand to 1,000 by 2021. At that time, it had around 80 stores in eight cities in the archipelago.

The tech beverage startup is also looking at expanding beyond Indonesia, with Vietnam, Malaysia,