Blue Tokai Coffee Roasters, India’s largest specialty coffee brand, has inducted Negen Capital and Mauryan Capital as its latest investors in an extension of their Pre-Series B round.
Speaking on the Pre-Series B round, Matt Chitharanjan, Co-Founder & CEO, Blue Tokai Coffee Roasters said, “We are excited to have Negen Capital and Mauryan Capital join us on our mission of building India’s largest specialty coffee company and taking India’s highest-scoring coffees to the world. Neil, Gautam, and their team have a deep and diverse background in the F&B space and with their support, we’re poised to double our revenue to INR 200 Cr by next year.”
Blue Tokai is the full-stack specialty coffee company at scale in India, that has captured both at-home and out-of-home coffee consumption markets. With an intent to ramp up its packaged product portfolio, the company has recently launched cold brew coffee cans and is on track to soon launch other products that blend quality with convenience.
Speaking on the investment in Blue Tokai, Gautam Bahal, Founder, Mauryan Capital, said, “Matt and team have built an exciting business with outstanding unit economics, a loyal customer base, and strong business operations. We believe Blue Tokai can become the largest specialty coffee brand from India across the globe, and are delighted to join them on this journey.”
“Speciality coffee is expected to see rapid growth in India and we are happy to partner with India’s largest brand in this space. Blue Tokai is a highly meaningful investment decision for us because unlike most other players in this market the company has already achieved profitability despite its high revenue growth,” Neil Bahal, Founder, Negen Capital further added.
Blue Tokai is a farm-to-cup coffee brand that works closely with Indian coffee farmers and helps them adopt global best practices to attain a high-grade coffee crop.