Blue Tokai Raises $35 Million in Series C Led by Verlinvest

• Global investment platform Verlinvest has led a $35 million round in specialty coffee and bakery brand Blue Tokai, with participation from existing investors Anicut Capital and A91 Partners.
• The funding will help Blue Tokai deepen its presence in metro markets and expand into tier I and tier II cities in India over the next three years.
• In January 2023, Blue Tokai raised $30 million in its Series B round led by A91 Partners.
• Co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi have partnered with retail outlets, luxury hotels, restaurants, top corporates, and co-working spaces.
• Blue Tokai plans to expand to over 350 locations in the next 30-36 months, with revenue from operations surging 72% to Rs 127.45 crore in FY23.

Source: Entrackr