Blue Tokai raises $25 Mn in a bridge funding round

Blue Tokai Coffee Roasters has raised $25 million (around Rs 220 crore) in a bridge funding round from existing investors A91 Partners, Anicut, Verlinvest and 12 Flags.

The startup said it will use the funds to expand retail operations, improve back-end infrastructure, and enter new markets like Dubai and Japan.

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It will also use part of the new funding to open more stores in India and expand its roasteries and bakery units in Bengaluru and Gurugram.

“We are on track for our initial plan of INR 1,000 Cr in revenue and INR 100 Cr EBITDA by 2027, but with recent market response, we have revised our plans to accelerate growth and have started thinking about 800 + stores and INR 2,000 Cr revenue in the next four years. In addition to this we are also putting effort to grow our business in the UAE and Japan,” Blue Tokai cofounder and COO Shivam Shahi said.

About Blue Tokai

Founded in 2013 by Shivam Shahi, Matt Chitharanjan and Namrata Asthana, Blue Tokai runs cafes in several Indian cities and has established itself as a premium coffee brand.

Blue Tokai runs four roasteries and over 100 outlets across Delhi NCR, Mumbai, Bengaluru, Hyderabad, and other cities. With the latest round, it has raised around $97 Mn in total funding.

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