Blue Tokai’s FY24 Revenue Surges 69% To Cross INR 200 Cr Mark

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SUMMARY

Blue Tokai recorded total revenue of INR 221.1 Cr in FY24, up 72% YoY, primarily driven by coffee sales of INR 201 Cr and bakery business contribution of INR 15 Cr

The specialty coffee chain’s loss widened 46% to INR 62.9 Cr despite EBITDA margin improvement to -19.7%, as costs surged 66% to INR 285 Cr due to aggressive expansion

The startup raised $35 Mn in Series C funding at $180 Mn valuation in 2024, following a $30 Mn Series B round, bringing total fundraise to $78 Mn as it competes with Third Wave Coffee and other specialty…



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Blue Tokai’s FY24 Revenue Surges 69% To Cross INR 200 Cr Mark


SUMMARY

Blue Tokai recorded total revenue of INR 221.1 Cr in FY24, up 72% YoY, primarily driven by coffee sales of INR 201 Cr and bakery business contribution of INR 15 Cr

The specialty coffee chain’s loss widened 46% to INR 62.9 Cr despite EBITDA margin improvement to -19.7%, as costs surged 66% to INR 285 Cr due to aggressive expansion

The startup raised $35 Mn in Series C funding at $180 Mn valuation in 2024, following a $30 Mn Series B round, bringing total fundraise to $78 Mn as it competes with Third Wave Coffee and other specialty…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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