Funding Alert

Blue Tokai Coffee Roasters bags $30 Mn Series B funding led by A91 Partners

• ByStartupStory     |    January 18, 2023

Coffee brand Blue Tokai Coffee Roasters has raised $30 Million in a Series B Funding led by A91 Partners. The round was also attended by White Whale Ventures and existing investors such as Grand Anicut Fund, 8i Ventures, and several family offices.

Blue Tokai said in a statement that the investment will be used to continue scaling the business and expanding its presence in specialty coffee markets around the world. The company is also working to introduce new FMCG products and to assist small-scale independent farmers.

According to the company, the Series B investment round is the largest in the Indian specialty coffee industry to date. It raised $2 million in a pre-Series B round led by Anicut Angel Fund in August 2021.

Blue Tokai has collaborated with a variety of retailers, luxury hotels and restaurants, top corporations, and co-working spaces, among others. The company claims four roasteries and more than 60 physical locations in Delhi (NCR), Mumbai, Bengaluru, Kolkata, Chandigarh, and Pune, as well as international operations in Japan.

Blue Tokai plans to open 200 new locations over the next three years, bringing the total number of cafes to well over 250. According to the company, it will also invest in its B2B division and introduce vending machine-based offerings.

Rage Coffee, Third Wave Coffee Roasters, Slay Coffee, Sleepy Owl, and Seven Beans Co. are among its competitors.

Blue Tokai was founded in 2013 by Matt Chitharanjan and Namrata Asthana in search of authentically roasted, highly-quality Arabica coffee. 

 

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