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Clocking a revenue run rate of Rs 150 crore for the ongoing fiscal year
Gurugram-based startup Blue Tokai Coffee Roasters has secured $30 million in its latest Series B funding round to scale its business further and expand its presence in specialty coffee markets worldwide.
The round was led by Mumbai-based investment firm A91 Partners having new and existing participants including White Whale Ventures Grand Anicut Fund and 8i Ventures.
Blue Tokai is also working towards introducing a set of new FMCG products, further strengthening its customer experience and supporting small-scale independent farmers to stay true to its commitment to ethical sourcing.
Founded in 2013 by Matt Chitharanjan, Namrata Asthana (as seen in the image), and Shivam Shahi, Blue Tokai operates through three different channels, including cafe stores, marketplaces & its website along with B2B channels. The coffee brand further plans to start 200 new stores over the next three years in four more cities, adding to its current footprint of 60 stores spanning nine major Indian cities and regions. Blue Tokai’s cafes account for nearly two-thirds of its revenue.