Speciality coffee chain Blue Tokai Coffee Roasters has raised $25 million (~₹220 crore) in a bridge funding round from existing investors A91 Partners, Anicut, Verlinvest, and 12 Flags. The fresh capital will be used to scale retail operations, strengthen back-end infrastructure, and expand internationally into markets like Dubai and Japan. Within India, the funds will support new store launches and the expansion of its roasteries and bakery facilities in Bengaluru and Gurugram.
Blue Tokai, already a leading premium coffee brand in India with cafes across major cities, has revised its growth ambitions. The founders now aim to open 800+ stores and achieve ₹2,000 crore in revenue within the next four years, a sharp jump from their earlier target of ₹1,000 crore revenue and ₹100 crore EBITDA by 2027. So far, the company has raised over $105 million, including a $30 million Series C round led by Verlinvest in August 2023. A91 Partners remains the largest external stakeholder with 22.77% ownership, followed by Verlinvest. Financially, Blue Tokai has demonstrated remarkable growth, with revenues rising from ₹41 crore in FY21 to ₹216 crore in FY24 a more than five-fold jump in just four years.
