Other Private Equity/Strategic Investments
Coffee chain Blue Tokai in talks to raise $100-M
Mumbai-based Blue Tokai Coffee Roasters has initiated preliminary discussions with private equity firms including TPG, Temasek, and ChrysCapital, to raise at least $100-M. The proposed fundraising round is expected to involve both primary and secondary share sales.Founded in 2013 by Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, the company sources, roasts, and brews premium Indian coffee. Blue Tokai plans to leverage the capital to expand its market presence as it continues to scale its cafe network and retail product offerings.The company recently raised INR 175-Cr in an extension of its Series D round in May, with participation from investors including Anicut Capital, A91 Emerging Fund, Verlinvest, and 12 Flags. Since its inception, Blue Tokai has raised approximately $130-M from various investors.
Between Jun 2015 and Apr 2026, Blue Tokai Coffee had attracted about $124 M from Snow Leopard, 8i Ventures, Mauryan Capital, Negen Capital, Anicut Capital, A91 Partners, Dovetail Global Fund, MGA Ventures, White Whale Ventures, 12 Flags Group, Verlinvest, Others.For FY26, Blue Tokai Coffee had reported about INR 325 Cr in Operating Income and about INR 50 Cr in Net Loss.
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