Blue Tokai Coffee Roasters, a homegrown pioneer of India’s third-wave coffee movement, is set to raise Rs 175 crore (about $19 million) in an extension of its Series D funding, per a report by Entrackr.
The round will be led by Anicut Capital, with participation from existing investors including A91 Emerging Fund, Verlinvest, and 12 Flags, among others.
Additional investors such as Concatenate Advest, Prudent Advisors, Rama Advisors, Waterfield Fund, and Bhoruka Supply Chain are also expected to join the company’s cap table.
DealStreetAsia first reported on Blue Tokai’s fundraising plans in March, citing talks with Waterfield Fund, among others.
Founded in 2013 and headquartered in Gurugram, Blue Tokai is one of India’s fastest-growing specialty coffee brands. It sells freshly roasted beans and operates its own cafés and four roasteries, with over 150 outlets across Delhi NCR, Mumbai, Bengaluru, Hyderabad, and other cities.
The brand has also expanded internationally, with operations in Japan and Dubai, and partnered with premium retailers, hotels, restaurants, corporates, and co-working spaces to make high-quality Indian coffee more accessible.
Blue Tokai last raised $25 million (around Rs 220 crore) in a bridge funding round from existing investors, including A91 Partners, Anicut Capital, Verlinvest, and 12 Flags, in September 2025.
Prior to that,Verlinvest led its $35-million Series C round in August 2024.
