Specialty coffee brand startup Blue Tokai Coffee Roasters raised $30 million in its Series B led by A91 Partners where existing investors including Grand Anicut Fund, 8i Ventures and a few family offices.
Blue Tokai operates through three channels: cafe stores, marketplaces, and its website, as well as B2B channels. It also sells its coffee to hotels, restaurants, and cafes. Blue Tokai Coffee intends to use this funding to continue scaling the business and expanding its presence in specialty coffee markets around the world. According to a Mordor Intelligence report, the global coffee market is expected to grow at a CAGR of 4.65% between 2022 and 2027. The Indian coffee market is expected to reach $2.03 billion by 2025.