Specialty coffee brand Blue Tokai Coffee Roasters has raised an undisclosed amount of funding from Ka Enterprises, the investment entity of Bollywood actress Deepika Padukone, as revealed in the company’s Friday press release.
As part of its Series B funding round, Blue Tokai Coffee Roasters secured an impressive $30 million in investment, with A91 Partners taking the lead. The company’s list of investors includes Anicut Capital, 8i Ventures, DSP Blackrock, Negen Capital, Mauryan Capital, and White Whale Ventures.
“We have followed the brand’s growth very closely over the past decade and observed their vision and commitment to quality and innovation and are therefore thrilled to partner with them on their journey of making Indian specialty coffee accessible, delivering unparalleled coffee experiences, and putting it on the global map,” commented Deepika Padukone, Founder, Ka Enterprises in a prepared statement.
Established in 2013, Blue Tokai Coffee Roasters operates a network of its own cafe stores and actively markets its products through e-commerce platforms and various marketplaces. In addition to its consumer-facing sales, the company also engages in B2B transactions. As of March 31, 2022, the company reported a revenue of INR 74 crore.
Currently, the brand has a presence in both India and Japan, boasting four roasteries and an extensive network of over 80 physical stores spanning across Delhi-NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chandigarh, Mohali, and Pune. Additionally, it frequently hosts pop-up events in Tokyo.