CosmicTaco

Blue Tokai Raises $35 Million in Series C Led by Verlinvest

CosmicTaco · 2024-08-31T13:28:33.556663+05:30

- Global investment platform Verlinvest has led a $35 million round in specialty coffee and bakery brand Blue Tokai, with participation from existing investors Anicut Capital and A91 Partners. - The funding will help Blue Tokai deepen its presence in metro markets and expand into tier I and tier II cities in India over the next three years. - In January 2023, Blue Tokai raised $30 million in its Series B round led by A91 Partners. - Co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi have partnered with retail outlets, luxury hotels, restaurants, top corporates, and co-working spaces. - Blue Tokai plans to expand to over 350 locations in the next 30-36 months, with revenue from operations surging 72% to Rs 127.45 crore in FY23. Source: [Entrackr](https://entrackr.com/2024/08/blue-tokai-raises-35-mn-in-series-c-led-by-verlinvest/)

Global investment platform Verlinvest has led a $35 million round in specialty coffee and bakery brand Blue Tokai, with participation from existing investors Anicut Capital and A91 Partners.
The funding will help Blue Tokai deepen its presence in metro markets and expand into tier I and tier II cities in India over the next three years.
In January 2023, Blue Tokai raised $30 million in its Series B round led by A91 Partners.
Co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi have partnered with retail outlets, luxury hotels, restaurants, top corporates, and co-working spaces.
Blue Tokai plans to expand to over 350 locations in the next 30-36 months, with revenue from operations surging 72% to Rs 127.45 crore in FY23.

Source: Entrackr