JAKARTA, Indonesia, December 23, 2019/Antara-AsiaNet/--
The Company Raised Additional Investment from Sequoia India, Arrive, and Serena Ventures Amongst Others
Kopi Kenangan, the fastest growing 'grab-and-go' coffee chain in Southeast Asia, announced an expansion of its June Series A round with additional investment from Arrive, a Roc Nation company, Serena Ventures, world-renowned basketball player Caris LeVert, and Sweetgreen CEO & Co-Founder Jonathan Neman, amongst others. Sequoia India, which led the US$20 million Series A round in June 2019, also participated in this expansion.
"We are inspired by Kopi Kenangan's tenacity, vision, and ability to execute," said Neil Sirni, Arrive Co-Founder and President. "In just two years, they have expanded to 18 cities, 200 stores, and over 1,800 employees. We're excited to be an investor in and partner to Kopi Kenangan as they introduce Indonesian-style coffee to the world."
Founded in 2017 by Edward Tirtanata, James Prananto, and Cynthia Chaerunnisa, Kopi Kenangan has managed to fill a sweet spot between the high-priced coffee served at international coffee chains, which are beyond the price range for most Indonesians, and the instant coffee sold at many street stalls. Just a year ago, Kopi Kenangan only had 16 stores while serving a few thousand cups a day. Today, Kopi Kenangan has expanded to over 200 stores nationally and serves more than three million cups of beverage each month. On average, the company is opening more than 1 store per day. The company, which is already profitable, has grown 20 times in revenue since its seed round led by Alpha JWC last year.
Kopi Kenangan plans to add more than a thousand new stores over the next two years and expand across Southeast Asia. "We want to build a legendary brand, and we're excited to work with our new investors and advisors who have built global consumer franchises spanning sports, entertainment, F&B, and technology," said Edward Tirtanata, CEO and Co-Founder. "We have come a long way since our humble beginnings two years back and want to continue learning and improving our service and products to meet the expectations of our customers in Indonesia and other markets."
Nielsen Company named Kopi Kenangan as the number one in top-of-mind awareness in the Kopi Susu or milk coffee category and second only after an established multinational coffee chain in the general coffee category – a notable ranking given Kopi Kenangan has been operating for less than two years. The company’s best-selling beverage "Es Kopi Kenangan Mantan" has been a customer favorite and helped it in securing the top spot for Kopi Susu or milk coffee category. Kopi Kenangan was one of the first to bring a take on the classic Indonesian Kopi Susu or milk coffee recipe to the Indonesian market at an affordable price and, most importantly, accessible locations for everyday consumption.
"We are humbled to have been able to reach an important milestone in our two years' journey," said Cynthia Chareunnisa, Co-Founder and Chief Marketing Officer, "We recognize that this is a joint effort from our Teman Mantan which includes our baristas and employees, partners, shareholders, and most importantly our customers who have made us top-of-mind for Kopi Susu."
Kopi Kenangan is the fastest-growing grab-and-go non-franchise coffee retail chain in Southeast Asia.
Sequoia helps daring founders build legendary companies from idea to IPO and beyond. Sequoia India operates in Southeast Asia and India where we actively partner with founders from a wide range of companies, across categories, including BYJUs, Carousell, Druva, GO-JEK, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato and more. We spur founders to push the boundaries of what's possible. In partnering with Sequoia India, startups benefit from 47 years of tribal knowledge and lessons learned working with some of the world’s most enduring companies. From the beginning, the vast majority of money we invest has been on behalf of non-profits and schools like the Ford Foundation, Mayo Clinic, and MIT, which means founders' accomplishments make a meaningful difference. For more information on Sequoia's work in India and SE Asia, visit sequoiacap.com/india
Arrive is a Roc Nation company. Roc Nation is a full-service management, music publishing, and entertainment company founded by Shawn "JAY-Z" Carter. Launched in 2017, Arrive provides strategic capital and advisory to startups and early-stage ventures with a focus on the United States and Southeast Asia. Previous investments include Ethos, Robinhood, Sweetgreen, Manticore Games, Scratch, amongst others.
Serena Ventures was created in 2014 by entrepreneur, philanthropist and tennis icon, Serena Williams, with the mission of giving opportunities to founders across an array of industries. Serena Ventures invests in companies aligned with its core themes of diverse leadership (women and POC), individual empowerment, creativity, and opportunity.
Under the guidance of Serena herself, Serena Ventures focuses on early-stage (angel/seed/series A) companies, as well as mentoring young founders and taking burgeoning entrepreneurs to the next level.
Serena Ventures extends relationships, encourages portfolio companies to collaborate, and expands partnership opportunities across Serena Williams' vast network. Serena Ventures has investments in over 30 companies across multiple industries. The SV portfolio includes businesses that touch e-commerce, food & beverage, fashion, health & wellness, social good, and more Alpha JWC Ventures is a Southeast Asian venture capital firm with an Indonesian angle and a focused value-add approach. Alpha JWC has deep financial technology (Fintech) and sustainable consumer sector expertise and has established a strong reputation and clear positioning in the market as the leading venture capital firm that has the best on-the-ground team with world-class complementary skill-sets and strategic network in Indonesia, Southeast Asia, China, and US. The firm currently manages two funds of US$ 50 million and US$ 100 million; and more than 25 active portfolio companies. Learn more about Alpha JWC at www.alphajwc.com.
Nielsen Holdings plc (NYSE: NLSN) is a global measurement and data analytics company that provides the most complete and trusted view available of consumers and markets worldwide. Nielsen is divided into two business units. Nielsen Global Media, the arbiter of truth for media markets, provides media and advertising industries with unbiased and reliable metrics that create a shared understanding of the industry required for markets to function. Nielsen Global Connect provides consumer packaged goods manufacturers and retailers with accurate, actionable information and insights and a complete picture of the complex and changing marketplace that companies need to innovate and grow. Our approach marries proprietary Nielsen data with other data sources to help clients around the world understand what’s happening now, what's happening next, and how to best act on this knowledge. An S&P 500 company, Nielsen has operations in over 100 countries, covering more than 90% of the world's population. For more information, visit www.nielsen.com
Source: Kopi Kenangan
Monday, 23 December 2019
Toshiba unveils discrete IGBT for voltage resonance circuits with lower power consumption
Picture : IGBT GT20N135SRA
KUALA LUMPUR, Dec 23 -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched the ‘GT20N135SRA’, a 1350V discrete power semiconductor device IGBT for use in voltage resonance circuits in tabletop induction heating (IH) cookers, IH rice cookers, microwave ovens and other home appliances.
GT20N135SRA features a collector-emitter saturation voltage of 1.75V and a diode forward voltage of 1.8V, approximately 10 per cent and 21 per cent lower, respectively, than the current product, Toshiba said in a statement.
Both the IGBT (insulated-gate bipolar transistor) and diode have improved conduction loss characteristics at high temperature, and the new IGBT can help reduce equipment power consumption, according to a statement.
The new IGBT suppresses short circuit current that flows through the resonance capacitor when equipment is switched on. Its circuit current peak value is 129A, a 31 per cent reduction from the current product.
-- BERNAMA
Friday, 20 December 2019
Soteria AI secures US$5 million to boost first gaming assistant development
KUALA LUMPUR, Dec 5 -- Soteria AI has announced US$5 million in private funding from N5 Holdings, led by chief executive officer and chairwoman Princess Nouf bint Bandar Al Saud. (US$1 = RM4.17)
In a statement, the company developing the first AI assistant for gaming said the funding would drive the continued development of Natasha, Soteria’s AI assistant for amateur and semi-professional gamers.
According to Soteria AI founder William Nobrega, the company is delighted to receive the support of the N5 team as they work to create the first AI assistant for gamers.
“Princess Nouf bint Bandar Al Saud has taken a personal interest in the development of advanced AI and will be working closely with us, our partners, the Saudi Government and the team at MIT to effectively bring a new form of life to our world.”
Soteria is working closely with AI experts, Aigo and innovation lab, Axion Ventures to develop its AI assistant. It will release its first game next year, Rising Fire Battle Royale, soon to be available in Asia via Tencent’s distribution network.
The company is currently valued at US$75 million, and the investment from N5 will help to increase this value as the project approaches the launch of its first AI-assisted game.
-- BERNAMA
In a statement, the company developing the first AI assistant for gaming said the funding would drive the continued development of Natasha, Soteria’s AI assistant for amateur and semi-professional gamers.
According to Soteria AI founder William Nobrega, the company is delighted to receive the support of the N5 team as they work to create the first AI assistant for gamers.
“Princess Nouf bint Bandar Al Saud has taken a personal interest in the development of advanced AI and will be working closely with us, our partners, the Saudi Government and the team at MIT to effectively bring a new form of life to our world.”
Soteria is working closely with AI experts, Aigo and innovation lab, Axion Ventures to develop its AI assistant. It will release its first game next year, Rising Fire Battle Royale, soon to be available in Asia via Tencent’s distribution network.
The company is currently valued at US$75 million, and the investment from N5 will help to increase this value as the project approaches the launch of its first AI-assisted game.
-- BERNAMA
Nippon Express, FSC partner to be India’s leading logistics player
KUALA LUMPUR, Dec 13 -- Nippon Express Co Ltd, via its subsidiary Nippon Express (South Asia & Oceania) Pte Ltd (Nippon Express), and Future Supply Chain Solutions Limited (FSC) recently signed a business collaboration agreement in Mumbai, India.
Starting January next year, both companies will jointly explore growth opportunities for new and existing customers, based on their strategic partnership and business collaboration, as well as expand revenue.
According to a statement, Nippon Express and FSC aim to pursue three business strategies via this collaboration.
Firstly, offering FSC’s integrated and high-quality service offering to Japanese and other foreign customers of Nippon Express who are currently doing business in India and are planning to penetrate into the Indian market in the near future.
Secondly, this collaboration also offers Nippon Express’ global logistics services to Indian customers via FSC.
Thirdly, increase FSC’s operational efficiencies through introduction of latest/global technologies and process improvements/Kaizen activity.
Nippon Express (International Business Headquarters) senior managing executive officer and chief managing officer, Satoshi Horikiri said: “To be specific, we hope to increase our sales outside Japan from our current sales of US$4 billion to US$12 billion by 2028, and become a proud world-class logistics company.”
Both companies have received all necessary approvals with respect to Nippon Express’ acquisition of a 22 per cent stake in FSC. This includes approval from the Competition Commission of India, FSC shareholders, BSE Limited and the National Stock Exchange of India Limited.
-- BERNAMA
Starting January next year, both companies will jointly explore growth opportunities for new and existing customers, based on their strategic partnership and business collaboration, as well as expand revenue.
According to a statement, Nippon Express and FSC aim to pursue three business strategies via this collaboration.
Firstly, offering FSC’s integrated and high-quality service offering to Japanese and other foreign customers of Nippon Express who are currently doing business in India and are planning to penetrate into the Indian market in the near future.
Secondly, this collaboration also offers Nippon Express’ global logistics services to Indian customers via FSC.
Thirdly, increase FSC’s operational efficiencies through introduction of latest/global technologies and process improvements/Kaizen activity.
Nippon Express (International Business Headquarters) senior managing executive officer and chief managing officer, Satoshi Horikiri said: “To be specific, we hope to increase our sales outside Japan from our current sales of US$4 billion to US$12 billion by 2028, and become a proud world-class logistics company.”
Both companies have received all necessary approvals with respect to Nippon Express’ acquisition of a 22 per cent stake in FSC. This includes approval from the Competition Commission of India, FSC shareholders, BSE Limited and the National Stock Exchange of India Limited.
-- BERNAMA
Thursday, 19 December 2019
Zynga commemorates Bugatti'€s 110th anniversary with mobile drag racing game
KUALA LUMPUR, Dec 5 -- Zynga Inc, a global leader in interactive entertainment, is launching an event series in partnership with the hyper sports car manufacturer, Bugatti in the hit mobile drag racing game, CSR Racing 2 (CSR2).
The event series, which celebrates Bugatti’s 110th anniversary, will give players the opportunity to collect and compete with the world’s most powerful and exclusive hyper sports cars in CSR2.
Zynga in a statement said the series showcased 24 different Bugatti cars, three of which were available exclusively in CSR2.
Every aspect of the Bugatti cars, from the grills to the paint colour, dashboard finish and stitching, has been meticulously recreated in CSR2 to mirror the real hyper sports cars.
Players can explore the cars by tapping special points to trigger handcrafted, bespoke animations, allowing them to open doors, pop the hoods, inspect the engine bays, extend the spoilers and others.
Players can also view the cars in augmented reality, giving them the experience of sitting in the driver’s seats of the most desirable hyper sports cars ever designed.
The integration has seven different events over an eight-week period and will be highlighted in a continued beta version of CSR2’s new player-versus-player feature, Showdown.
CSR2 is available to download for free on the App Store and Google Play Store.
-- BERNAMA
Wednesday, 18 December 2019
HIMSS, Forrester to study digital doctor-patient relationship
KUALA LUMPUR, Dec 18 -- HIMSS and Forrester recently announced a research partnership to investigate the evolving digital doctor-patient relationship.
The research effort will survey global health system leaders to measure digital health technology adoption and emerging strategies for measuring and managing patient experience, as well as physician burnout.
Health systems are making increased investments in new patient engagement channels, virtual care platforms, chronic disease management solutions and healthcare analytics solutions that have the potential to impact both clinical outcomes and total cost of care.
The healthcare industry has long struggled to meaningfully address physician burnout and there is little consensus on the best approach to measure its prevalence within an organisation.
The industry needs more visibility into emerging strategies aimed at measuring and managing provider burnout and patient experience. This research partnership aims to achieve this goal.
Results from the HIMSS-Forrester research effort will be presented at the 2020 HIMSS Global Health Conference & Exhibition in Orlando, Florida, on March 11.
HIMSS is a global adviser and thought leader supporting the transformation of the health ecosystem via information and technology while Forrester is one of the world’s most influential research and advisory firms.
-- BERNAMA
EASTWEST BANKING CORPORATION EXPANDS USE OF WOLTERS KLUWER'S ONESUMX SOFTWARE TO MANAGE MARKET RISK AND ALM
SINGAPORE, Dec 18 (Bernama-BUSINESS WIRE) -- EastWest Banking Corporation (EastWest) has selected Wolters Kluwer’s OneSumX for Risk Management to manage its Market Risk and Asset and Liability Management (ALM) requirements. The Philippines-based bank will implement the solutions to work alongside other Wolters Kluwer software modules, including OneSumX for Finance, which it has used for many years.
EastWest is a universal bank in the Philippines that provides a wide array of products and services to retail and mid-market corporate customers.
Wolters Kluwer FRR’s OneSumX Market Risk solution provides an integrated view of profit and loss and risks on balance sheet. Based on a centralized data structure specifically designed for financial institutions, the OneSumX Market Risk solution offers all modern risk analytics and techniques, from basic sensitivity and gap analysis, through more advanced Value at Risk (VaR) techniques and into simultaneous dynamic simulation of credit and market risk, based on Monte Carlo modeling.
The ALM component of OneSumX for Risk Management is based on Wolters Kluwer’s integrated platform, enabling balance sheet modeling, stress testing and dynamic planning.
“Wolters Kluwer is a trusted technology partner of ours, having provided software that helps us manage our financial reporting obligations for many years now,” commented Grace Ang, Chief Risk Officer, at EastWest. “We look forward to working with Wolters Kluwer’s experts on what is an important implementation for us in the risk area.”
“We are delighted to be expanding our relationship with EastWest to ensure it has a robust platform for managing its risk profile,” said Rainer Fuchsluger, Managing Director, APAC, for Wolters Kluwer’s Finance, Risk & Reporting (FRR) business. “Our business continues to attract clients for its leading risk solutions across the APAC region and we very much look forward to working with EastWest on the implementation.”
Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.
Wolters Kluwer FRR receives frequent independent recognition of its excellence and innovation, celebrating a record year for award wins. Risk magazine recently awarded the company its coveted Regulatory Reporting System of The Year Award for the second year running and Waters Technology has named the company the Best Market Risk Solution Provider in its annual Technology Rankings. Wolters Kluwer is also the #1 provider in both Regulatory Reporting and Liquidity Risk according to the RiskTech100, as compiled by Chartis Research.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 18,600 people worldwide.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191217005850/en/
Contact
Paul Lyon
Director of Global Corporate Communications, Banking & Regulatory Compliance
Governance, Risk & Compliance
Wolters Kluwer
Office +44 20 3197 6586
Paul.Lyon@wolterskluwer.com
Source : Wolters Kluwer
EastWest is a universal bank in the Philippines that provides a wide array of products and services to retail and mid-market corporate customers.
Wolters Kluwer FRR’s OneSumX Market Risk solution provides an integrated view of profit and loss and risks on balance sheet. Based on a centralized data structure specifically designed for financial institutions, the OneSumX Market Risk solution offers all modern risk analytics and techniques, from basic sensitivity and gap analysis, through more advanced Value at Risk (VaR) techniques and into simultaneous dynamic simulation of credit and market risk, based on Monte Carlo modeling.
The ALM component of OneSumX for Risk Management is based on Wolters Kluwer’s integrated platform, enabling balance sheet modeling, stress testing and dynamic planning.
“Wolters Kluwer is a trusted technology partner of ours, having provided software that helps us manage our financial reporting obligations for many years now,” commented Grace Ang, Chief Risk Officer, at EastWest. “We look forward to working with Wolters Kluwer’s experts on what is an important implementation for us in the risk area.”
“We are delighted to be expanding our relationship with EastWest to ensure it has a robust platform for managing its risk profile,” said Rainer Fuchsluger, Managing Director, APAC, for Wolters Kluwer’s Finance, Risk & Reporting (FRR) business. “Our business continues to attract clients for its leading risk solutions across the APAC region and we very much look forward to working with EastWest on the implementation.”
Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.
Wolters Kluwer FRR receives frequent independent recognition of its excellence and innovation, celebrating a record year for award wins. Risk magazine recently awarded the company its coveted Regulatory Reporting System of The Year Award for the second year running and Waters Technology has named the company the Best Market Risk Solution Provider in its annual Technology Rankings. Wolters Kluwer is also the #1 provider in both Regulatory Reporting and Liquidity Risk according to the RiskTech100, as compiled by Chartis Research.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 18,600 people worldwide.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191217005850/en/
Contact
Paul Lyon
Director of Global Corporate Communications, Banking & Regulatory Compliance
Governance, Risk & Compliance
Wolters Kluwer
Office +44 20 3197 6586
Paul.Lyon@wolterskluwer.com
Source : Wolters Kluwer
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