The Country’s one of the famous Speciality coffee brand Blue Tokai Coffee Roasters has announced that it has secured the funds amounting 30 million US dollars on Wednesday, 18th January 2023 in Series B Funding round. The Series B funding round for the Coffee manufacturing firm was led by Mumbai based equity company A19 Partners.
Investors present for the funding round of Blue Tokai Coffee Roasters
Besides A19 Partners, the Series B funding round witnessed participation of several other existing investors of the company including India based investment company Grand Anicut Fund (GAF), tech based investment company 8i Ventures and White Whale Ventures.
Utilisations of the Funds by the Blue Tokai Coffee Roasters
The company has reported that the funds raised in the recent funding round will be utilised by the company to grow the business to the next level and also to expand its branches in the international markets.
Apart from this, the company also focuses on releasing the new items related to the Fast moving Consumer Goods (FMCG) in order to intensify the company’s customer experience and also to aid independent farmers.
The company has not shared information regarding its valuation however, the Chief Executive Officer of the Blue Tokai Coffee Roasters said that it has been increased three times than before.
About the Company Blue Tokai Coffee Roaster
The Speciality Coffee brand Blue Tokai Coffee Roaster was established in the year 2013 by the co- founders Chitharanjan and Namrata Asthana. The headquarters of the company is based in Gurgaon, India. The Founders began the business by opening up a roastery.
Right now the brand has housed 4 roasteries and has started over 60 outlets based in the cities including Bengaluru, Hyderabad, Delhi-NCR, Chandigarh, Mohali, Mumbai, Pune and Kolkata. Also, the brand has set its foot in the international market with its operation carried out in Japan.
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