East Ventures on Instagram: "@fore.coffee is closing the first quarter of 2019 by achieving another major milestone. Since the launch of its mobile app in the second week of December 2018, the startup has enjoyed a sharp increase in sales, growing from 19,000 monthly cups of coffee sold to 300,000 today. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ It has almost doubled its outlet growth from 19 outlets in January to 36 across Jakarta by this month, and is already aiming to open 100 outlets by July 2019.⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ Its mobile app has been downloaded more than 500,000 times and ranks among the top apps in the Food & Beverage category. It has grown immensely after just 8 months of launching, from 90 employees to a staff of 200, half of them baristas.⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ Fore Coffee’s immense growth has also positively affected the lives of coffee farmers, thanks to the startup’s coffee beans purchase of 6.5 tonnes each month. That number roughly translates to 137 hectares of coffee plantation land area being productively cultivated by 600 farmers in the archipelago each year.⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ The startup received a series A funding of US$9.5 million in January, an extended sum from its original US$8.5 million round initially closed that month.⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ With the priority to understand customer and keep innovate by using technology, Fore Coffee is well-positioned to meet demands from Indonesian people. We're excited to see their next major milestone in the near future.⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ Link: bit.ly/EVforecoffee⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ #eastventures #startup #venturecapital #coffee #forecoffee"