Startup Profile
Blue Tokai
Legal entity: Blue Tokai Coffee Roasters Private Limited
India's specialty coffee pioneer building the nation's coffee culture
Funding raised
₹759.50 Cr
Total disclosed
Latest valuation
₹1330.00 Cr
Most recent round
Latest revenue
₹2151.00 Cr
FY FY24
Employees
—
FY FY24
Founders
- Matt Chitharanjan
Co-founder and CEO of Blue Tokai Coffee Roasters; pioneered India's specialty coffee movement starting from a 1kg home roaster in 2013.
- Namrata Asthana
Co-founder of Blue Tokai Coffee Roasters; husband-wife co-founder with Matt Chitharanjan building India's premier specialty coffee brand.
- Shivam Shahi
Co-founder of Blue Tokai Coffee Roasters; part of founding trio establishing India's leading specialty coffee brand.
Funding rounds
- Bridge2025-06-26₹220.00 CrLed by A91 Partners
- Series C2024-08-01₹290.50 CrLed by Verlinvest
- Series B2023-01-18₹249.00 CrLed by A91 Partners
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY24 | ₹2151.00 Cr | (₹629.00 Cr) | — |
| FY25 | ₹3250.00 Cr | (₹500.00 Cr) | — |
The full story
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Timeline
- 2025-06-26Bridge funding of $25 million for international expansion — Raised $25 million bridge financing to accelerate global expansion into Dubai and Japan, bringing total disclosed funding to over $90 million.
- 2024-08-01Series C funding of $35 million from Verlinvest — Global investment firm Verlinvest led $35 million round valuing company at ₹1,300 crore, enabling expansion to 350 outlets in 30-36 months.
- 2024-03-01Reached 100 stores milestone — Blue Tokai achieved 100 physical outlets across major Indian cities, marking significant expansion from home-roastery origins.
- 2023-01-18Series B funding of $30 million from A91 Partners — Major institutional backing from A91 Partners alongside existing investors, enabling aggressive expansion to metro and tier-1 cities.
- 2016-02-01Seed funding from Snow Leopard Ventures — Blue Tokai secured seed investment from Snow Leopard Ventures and Bold Ventures, validating the specialty coffee concept in India.
- 2013-01-01Founded as home roastery in Delhi — Matt Chitharanjan and Namrata Asthana started Blue Tokai in a spare bedroom with a 1kg roaster and Rs 10 lakh capital to bring fresh specialty coffee to India.
Data sources
- seed-list↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- Inc42 - Series B Funding Details↗ · last fetched 2026-06-01
- Inc42 - FY24 Revenue and Financials↗ · last fetched 2026-06-01
- YourStory - Series C Funding↗ · last fetched 2026-06-01
- Entrackr - FY25 Revenue and Financials↗ · last fetched 2026-06-01
- Indian Startup News - Bridge Funding and International Expansion↗ · last fetched 2026-06-01
- YourStory - Seed Funding↗ · last fetched 2026-06-01
- World Coffee Portal - 100 Store Milestone↗ · last fetched 2026-06-01
- Tracxn - Company Profile and Funding Summary↗ · last fetched 2026-06-01