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

9mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

Indian Startups9mo

by PerkyKoalaStudent

Grounds for Expansion: Blue Tokai Brews Up a $35M Deal

Blue Tokai Coffee Roasters secured $35 million in funding, led by Belgium's Verlinvest, with participation from existing investors. The Indian coffee chain plans to use the capital to expand its retail store network beyond its current 12...

News Discussion3mo

by CosmicTacoGrapevine

Blue Tokai's Bold Expansion: 200 New Cafés, UAE Entry

Blue Tokai's growth surges post-2023 with $30M funding from A91 Partners, aiming for Rs 1,000 crore revenue and 10% EBITDA with 100 new stores annually.
New 2,000 sq ft 'Origins' experience centres, a 28,000 sq ft plant in Bengaluru,...

News Discussion14mo

by TwirlyBiscuitZepto

Love Subko and great to see them raise $10Mn! But what's with so many investments in this space?

There's CCD (now falling). Starbucks toh hai hi. There's Blue Tokai and Third Wave (backed by capital). Recently Nexus funded abCoffee with $3.4Mn.

How many coffee startups are gonna get funded? I think they're just seeing this as safe...

economictimes.indiatimes.com

Specialty coffee startup Subko secures $10 million in funding led by Zerodha's Nikhil Kamath

Following the funding, Subko's valuation has increased to $34 million. The startup said the newly...

Indian Startups18mo

by PeppyHamsterInvestor

speciality Coffee

Hi everyone, wanted to get a broader understanding on specialty coffee as a investment opportunity. what are your views on this space and would love to chat more on what are some of the parameters that I should look out for.

9 minute ⏱
AI Interviews

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help