Blue Tokai Raises $35 Mn From Verlinvest, Others To Bolster Offline Play

Blue Tokai Raises $35 Mn From Verlinvest, Others To Bolster Offline Play

SUMMARY

Led by Verlinvest, the round also saw participation from existing investors Anicut Capital and A91 Partners

The startup plans to utilise the fresh funds to further deepen its presence, expand its footprint, drive “product innovation” and branch out into new channels

Founded in 2013, Blue Tokai operates four roasteries and over 80 physical outlets across Delhi-NCR, Mumbai, Bengaluru, among others

Speciality coffee chain Blue Tokai Coffee Roasters has raised $35 Mn (about INR 293 Cr) in its Series C funding round led by Belgian investment firm Verlinvest.

The round also saw participation from existing investors Anicut Capital and A91 Partners. Following the funding round, the startup is valued at about INR 1,500 Cr (around $179 Mn).

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