Blue Tokai Coffee Roasters has raised $25 million (about ₹220 crore) in a bridge funding round from existing investors A91 Partners, Anicut, Verlinvest, and 12 Flags.
The company plans to use the money to grow its retail stores, improve its backend systems, and expand into new markets like Dubai and Japan.
It will also use part of the new funding to open more stores in India and expand its roasteries and bakery units in Bengaluru and Gurugram.
“We are on track for our initial plan of INR 1,000 Cr in revenue and INR 100 Cr EBITDA by 2027, but with recent market response, we have revised our plans to accelerate growth and have started thinking about 800 + stores and INR 2,000 Cr revenue in the next four years. In addition to this we are also putting effort to grow our business in the UAE and Japan,” Blue Tokai cofounder and COO Shivam Shahi said.
Blue Tokai Coffee Roasters was founded in 2013 by Shivam Shahi, Matt Chitharanjan, and Namrata Asthana.
The company operates cafes in multiple Indian cities and has built a reputation as a premium coffee brand.
Blue Tokai operates four roasteries and more than 100 outlets in cities like Delhi NCR, Mumbai, Bengaluru, and Hyderabad. With this latest funding round, the company has raised a total of around $97 million so far.
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