Funding News: Blue Tokai Secures $25 Million to Brew Global Expansion

Startup: Blue Tokai Coffee Roasters

Founders: Shivam Shahi, Matt Chitharanjan, Namrata Asthana

About Us: Founded in 2013, Blue Tokai is a specialty coffee chain that has pioneered India’s artisanal coffee movement. With four roasteries and over 150 cafés across major cities, the brand is known for fresh roasted coffee, premium cafés, and a growing line of bakery offerings.

Founded Year: 2013

Office: Headquartered in India

Sector: Food & Beverage / Specialty Coffee

Funding Round: Bridge Round

Investors: Existing backers including A91 Partners, Anicut Capital, Verlinvest, and 12 Flags

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Blue Tokai Coffee Roasters has raised $25 million (Rs 220 crore) in a bridge funding round from its existing investors, bringing its total funding to $97M–$105M. The capital will be used to expand its retail footprint in India, enter international markets like UAE and Japan, and scale roasteries and bakery facilities in Bengaluru and Gurugram.

With consumer demand exceeding projections, the company has revised its growth targets. Blue Tokai now aims to reach 800+ cafés and achieve Rs 2,000 crore revenue in the next four years. The company had earlier set targets of Rs 1,000 crore revenue and Rs 100 crore EBITDA by 2027.

Over the past four years, Blue Tokai has grown more than fivefold, with revenue climbing from Rs 41 crore in FY21 to Rs 216 crore in FY24. However, its net loss widened by 46% to Rs 62.9 crore in FY24, largely due to increased operating costs from rapid expansion.

Co-founder and CEO Matt Chitharanjan emphasized the company’s long-term mission: “We believe in not just building a brand but creating a legacy that puts India’s coffee culture on the world map.”

Website: https://bluetokaicoffee.com