PE-VC Fund Investments
Specialty coffee chain Blue Tokai gets $25-M from A91 Partners, Anicut, others
Gurugram-based speciality coffee chain Blue Tokai Coffee Roasters has raised USD 25 million (around INR 220 crore) in a bridge funding round from existing investors, including A91 Partners, Anicut Capital, Verlinvest, and 12 Flags.The new funds will be used to scale the firm’s operations, strengthen back-end infrastructure and enter the Dubai and Japan markets. The company also plans to use a part of the fresh capital to open more stores in India and expand its roasteries and bakery facilities in Bengaluru and Gurugram.Founded in 2013 by Shivam Shahi, Matt Chitharanjan, and Namrata Asthana, Blue Tokai operates four roasteries and more than 100 physical outlets across Delhi NCR, Mumbai, Bengaluru, and Hyderabad.
Between Jun 2015 and Aug 2024, Blue Tokai Coffee had attracted about USD 80 M from 8i Ventures, Snow Leopard Technology Ventures, Mauryan Capital, Negen Capital, Anicut Capital, A91 Partners, MGA Ventures, White Whale Ventures, 12 Flags Group, Verlinvest and others.For FY24, Blue Tokai Coffee had reported about INR 216 Cr in Operating Income and about INR 63 Cr in Net Loss.
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