PE Fund Investments
Coffee chain Blue Tokai to raise Rs.175-Cr in extended series D round
Gurugram-based Blue Tokai Coffee Roasters is to raise INR 175 crore (USD 19 million) in an extended Series D round led by Anicut Capital (INR 50 crore). Other participants include A91 Emerging Fund (INR 35 crore), Verlinvest (INR 30 crore), 12 Flags (INR 20 crore), Concatenate Advest, Prudent Advisors, Rama Advisors, Waterfield Fund, Bhoruka Supply Chain, and White Whale Ventures. Founded in 2013 by Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, Blue Tokai Coffee Roasters is a specialty coffee chain that operates over 175 cafes across multiple Indian cities. The company plans to expand its presence into international markets such as Dubai and Japan.
From the Venture Intelligence Deals Database: Between Jun 2015 and Sep 2025, Blue Tokai Coffee had attracted about USD 105 M from 8i Ventures, Snow Leopard, Mauryan Capital, Negen Capital, Anicut Capital, A91 Partners, Dovetail Global Fund, MGA Ventures, White Whale Ventures, 12 Flags Group, Verlinvest and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence Private Company Financials Database: For FY25, Blue Tokai Coffee had reported about INR 325 Cr in Operating Income and about INR 50 Cr in Net Loss. (Subscribers to the database can login to view the detailed financials.)
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