PE-VC Fund Investments
Milky Mist raises Rs.480-Cr from Temasek in pre-IPO round
Erode, Tamil Nadu-based Milky Mist Dairy Food Limited has raised approximately INR 482 crore in a pre-IPO round, led by Singapore-based Temasek Holdings (via its unit Jongsong Investments Pte. Ltd.). The fundraise consisted of a primary capital raise of around INR 350 crore and a secondary share sale of approximately INR 125 crore by promoters Sathishkumar T and Anitha S .Founded in 1992, Milky Mist offers products including ice cream, beverages, paneer, cheese and protein offerings under brands such as ‘Milky Mist’, ‘SmartChef’, ‘Capella’, ‘Misty Lite’, and the recently acquired ‘Briyas’ and ‘Asal’.Milky Mist obtained SEBI approval for its INR 2,035 crore IPO in October 2025. The company reported a revenue of approximately INR 3,275 crore in FY26.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.
In Aug 2020, Milky Mist had attracted about USD 3 M from Anicut Capital. Coffee chain Blue Tokai to raise Rs.175-Cr in extended series D roundBetween 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.For FY25, Blue Tokai Coffee had reported about INR 325 Cr in Operating Income and about INR 50 Cr in Net Loss.
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