Belgian investment firm Verlinvest has made a strategic investment of $35 Mn (INR 293.6 Cr) in specialty coffee retailer Blue Tokai Coffee Roasters The coffee chain has also raised an undisclosed amount from its existing investors like Anicut Capital and A91 Partners in a Series C round Blue Tokai plans to deploy the fresh proceeds to expand to over 350 locations in the next 30-36 months, drive new product innovation and branch out into new channels Belgian investment firm Verlinvest has made a strategic investment of $35 Mn (INR 293.6 Cr) in specialty coffee retailer Blue Tokai Coffee Roasters.
The coffee chain has also raised an undisclosed amount from its existing investors like Anicut Capital and A91 Partners in a Series C funding round. The company further said in a statement that the fundraise catapulted its valuation to INR 1,500 Cr (around $179 Mn). Blue Tokai plans to deploy the fresh proceeds to expand to over 350 locations in the next 30-36 months, drive new product innovation and branch out into new channels.
The specialty coffee brand was founded in 2013 by Matt Chitharanjan, Namrata Asthana and Shivam Shahi. It operates 4 roasteries and over 80 physical outlets in Delhi NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chandigarh, Mohali and Pune, among others, in India. It also has a presence in Tokyo, Japan.
On the B2B front, Blue Tokai also has partnerships with different retail outlets across India, luxury hotels and restaurants, top corporates and co-working spac.