Blue Tokai, a specialty coffee and bakery brand, has increased its momentum thanks to the $35 million Series C funding round spearheaded by global investment platform Verlinvest. Other participants in the financing included existing investors Anicut Capital and A91 Partners.
The additional funds will help Blue Tokai consolidate its share in the existing metropolitan markets and generously use their capacity in other tier I and tier II cities all over India.
With the help of Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, Blue Tokai started developing and sealing agreements with various retail outlets, luxury hotels, restaurants, top corporates, co-working spaces, and left its footprint in the market. As per TheKredible, operational revenue of Blue Tokai registered a substantial increase as it reached Rs 127.45 crore in FY23 from 72% increase in revenue from sales however the losses also took a substantial hit. Nevertheless, given the company’s strong growth trajectory, there are good prospects to meet the growing demand for specialty coffee in India.
In India’s coffee startup space, Blue Tokai competes with Rage Coffee, Third Wave Coffee Roasters, Slay Coffee, Sleepy Owl, and Seven Beans Co. Regardless of the market’s current complications, Biue Tokai’s newest funding and expansion effort makes apparent its drive to position itself as a dominant entity in the sector.
