Verlinvest has invested US$35 million in Blue Tokai to enhance its growth strategy and expand its specialty coffee and bakery offerings across India.

Target Information

Blue Tokai, founded in 2013, has emerged as a leader in India's specialty coffee and bakery sector. The company started as a roastery for artisanal coffee enthusiasts and has since expanded its reach, doubling its store count to 130 outlets in the past year. Under the guidance of co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, Blue Tokai has established a strong brand identity centered around quality, sustainability, and exceptional customer service.

The recent investment of US$35 million led by Verlinvest will enable Blue Tokai to accelerate its expansion from metropolitan areas into Tier I and II cities across India. The funding aims to increase its total locations to over 350 in the next 30-36 months while fostering innovative product development and expanding its market channels.

Industry Overview in India

India's coffee industry has witnessed significant transformation over the last decade, driven by a rising middle class and a growing appreciation for specialty coffee. This change is marked by an increase in urban consumers who seek high-quality coff