Here is your Forbes Daily Briefing for Saturday, August 31st.

Today on Forbes, Indonesia's Kope Kanangan

aims to be the largest coffee chain in Southeast Asia.

Entrepreneur Edward Tertanada, who has found a sweet spot in Indonesia's competitive coffee selling business,

aims to sharply expand in coming years.

The co-founder and group CEO of Southeast Asia's first Food and Beverage

unicorn, Kope Kanangan, says the unlisted firm is Indonesia's largest coffee chain, now selling nearly 6 million cups a month.

Revenue in 2023 was 106 million dollars, and Tertanada expects it to increase 32 percent

this year to $140 million and to quadruple to

$430 million by 2028.

That's just one of his ambitious goals. He aims to go to more countries.

At present, the only overseas outlets are in Singapore and Malaysia.

And he wants 3,000 sales points by 2028,

compared with nearly 1,000 now.

Turtonado also aims to get at least $100 million in pre-IPO funding by 2028,

and then get listed by 2029.

The company, Kope Kanangan, aims to open in more countries

with both fully owned stores and franchises under the name Kananga and Coffee.

It's partnering with a friendly group of companies

as franchise holder in the Philippines

to open stores there starting in October.

Early next year, the chain plans to have fully owned stores in India.

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