Blue Tokai, a top specialty coffee and bakery brand in India, has successfully raised $35 million in a Series C funding round. The investment was led by Verlinvest, a global investment firm, with support from existing investors Anicut Capital and A91 Partners. The funding will help Blue Tokai grow its presence in major metro areas and enter new Tier I and II cities across India over the next three years. Currently operating 130 outlets, the company aims to increase this number to over 350 while also innovating new products and exploring various distribution channels. Co-founder and CEO Matt Chitharanjan expressed excitement about the opportunity to reach more customers and enhance the coffee experience. The founders, who started the company in 2013, are committed to delivering exceptional quality and service, responding to the rising demand for premium coffee and bakery items in the market.
• Blue Tokai raised $35 million in Series C funding led by Verlinvest.
• The funds will support expansion into new cities and increase outlets from 130 to over 350.
• The company plans to innovate new coffee products and explore diverse distribution channels.
• Founders focus on providing quality coffee experiences while supporting sustainable growth.
This funding round is crucial for Blue Tokai as it seeks to capitalize on the growing demand for specialty coffee in India. The investment not only boosts the company's expansion plans but also reinforces its commitment to quality and customer satisfaction. As the coffee culture in India continues to evolve, Blue Tokai is well-positioned to become a leading player in the market, potentially transforming the coffee landscape across the country.
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