Blue Tokai courts TPG, Temasek, ChrysCapital for largest-ever $100M raise
Blue Tokai Coffee is in early talks with PE heavyweights TPG, Temasek and ChrysCapital for a $100M round, its biggest yet. FY25 revenue rose to ₹332.7 crore from ₹221.13 crore, while losses narrowed to ₹50.19 crore. The raise signals surging investor appetite in India's specialty café market as rivals Third Wave, Subko and Chaayos scale.
Blue Tokai Coffee is in early talks with PE funds TPG, Temasek and ChrysCapital to raise at least $100 million, its largest round, amid booming investor interest in India's specialty café market.
Why this matters
Blue Tokai's pursuit of a $100M round marks a step-up from prior raises, backed by improving fundamentals: FY25 revenue up ~50% to ₹332.7 crore and narrowing losses of ₹50.19 crore, signaling scale-up ambitions.
Retail-company signals accelerating, up 645800% QoQ.
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