Angel Investments
Specialty coffee brand Blue Tokai raises Rs.17-Cr from Anicut Angel Fund
Gurugram-based online specialty coffee retailer Blue Tokai Coffee Roasters has raised INR 17 crore (USD 2.28 million) in a Pre-series B bridge round led by Anicut Angel Fund (equity arm of Anicut Capital) with participation from other investors. It will use the funding to launch new products, execute farm-level interventions to improve quality, expand internationally and for marketing. Founded in 2012 by Matt Chitharanjan, Namrata Asthana and Shivam Shahi, Blue Tokai sources single-estate Arabica coffee beans from premium Indian coffee estates, roasts them on order, and sells them online direct to consumers and offline to leading cafes, restaurants, and hotels across the country. It started selling its coffee online and through B2B partnerships and then sought to provide its coffee through its cafes across Delhi NCR, Mumbai, Kolkata, and Hyderabad.
From the Venture Intelligence PE-VC Deal Database: Between Jun-15 and Apr-17, Blue Tokai raised over $3-M from Snow Leopard Technology Ventures and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
