Funding · Commerce & Consumer Brands
Blue Tokai raises ₹175 Cr for global expansion
By Startup Enthusiast ·
- Date
- Company
- Blue Tokai Coffee Roasters
- What it does
- Specialty coffee cafe operator
- Kind
- Funding
- Amount
- ₹175 Cr ($19M)
- Stage
- Series D extension
What they do
Blue Tokai operates over 175 cafes across Indian cities
What happened
The company raised ₹175 Cr led by Anicut Capital
Why it matters
Funds support plans to enter Dubai and Japan markets
The details
- Blue Tokai Coffee Roasters completed a ₹175 Cr Series D extension raise.
- The funding round values the company at approximately $235M post-money.
- Anicut Capital led the investment with a contribution of Rs 50Cr.
- A91 Emerging Fund participated by investing Rs 35Cr in the round.
- Verlinvest and 12 Flags contributed Rs 30Cr and Rs 20Cr respectively.
- Other participants included Concatenate Advest, Prudent Advisors, Rama Advisors, Waterfield Fund, and Bhoruka Supply Chain.
- Total capital raised by the startup now exceeds $130M globally.
- The company issued 6,194 preference shares at Rs 2,82,549 each.
The bigger picture
- The valuation of $235M reflects strong investor confidence in the brand.
- This follows a previous $25M Series D bridge from existing investors.
- Investors are backing expansion into international markets like Dubai and Japan.
About the business
- Blue Tokai operates more than 175 cafes across multiple Indian cities.
- The company reported Rs 325Cr revenue for the fiscal year 2025.
- Revenue grew by 50% compared to the previous year on a year-on-year basis.
- The business recorded a net loss of Rs 50Cr in FY25.
- Losses decreased by 20.6% compared to the prior fiscal period.
- Annual results for FY26 have not yet been filed publicly.
- The firm focuses on specialty coffee roasting and retail cafe operations.
What happens next
- Plans to expand operations into international markets including Dubai and Japan.
The deal
- Type
- Series D extension
Investors
- Anicut Capital (lead) — Led the round with Rs 50Cr investment.
- A91 Emerging Fund (co-lead) — Invested Rs 35Cr becoming the largest external shareholder.
- Verlinvest (participant) — Invested Rs 30Cr holding a 14.62% stake.
- 12 Flags (participant) — Invested Rs 20Cr in the extension round.
Founders
- Matt Chitharanjan, Founder
- Namrata Asthana, Founder
- Shivam Shahi, Founder
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