India’s leading specialty coffee chain Blue Tokai Coffee Roasters has raised $25 million (approx. ₹220 crore) in a bridge funding round backed by its existing investors — A91 Partners, Anicut, Verlinvest, and 12 Flags.
The fresh infusion of capital will be deployed towards expanding retail operations, strengthening back-end infrastructure, and scaling internationally. The brand is eyeing entry into Dubai and Japan, while in India, the funds will fuel new café launches and upgrades to its roasteries and bakery units in Bengaluru and Gurugram.
Revised Growth Ambitions
Blue Tokai’s founders have set bolder growth projections. Initially targeting ₹1,000 crore revenue and ₹100 crore EBITDA by 2027, the company now aims to cross ₹2,000 crore in revenue and open over 800 outlets in the next four years.
Funding Journey & Performance
So far, the coffee startup has raised over $105 million, including its $30 million Series C round led by Verlinvest in 2024. Data from TheKredible highlights that A91 Partners remains the largest external stakeholder with a 22.77% holding, followed by Verlinvest.
Financially, Blue Tokai has demonstrated impressive momentum, growing more than 5x in four fiscal years. Its revenue has surged from ₹41 crore in FY21 to ₹216 crore in FY24, signaling strong consumer adoption of premium coffee culture in India.
Competitive Landscape
With this aggressive expansion strategy, Blue Tokai is set to intensify competition with other specialty coffee brands like Rage Coffee, Third Wave Coffee Roasters, Slay Coffee, Sleepy Owl, and Seven Beans Co.
Blue Tokai continues to position itself as a premium lifestyle coffee brand, aiming to dominate both domestic and international markets.
Disclaimer:
Startupbydoc maintains editorial independence. While we cover startups that may have financial or investor overlaps with industry stakeholders, such relationships do not influence our reporting or analysis in any way.