Blue Tokai targets 800 stores by FY2030, tripling network as it eyes Dubai and IPO
Specialty coffee chain Blue Tokai (Muhavra Enterprises) plans to triple its 240-outlet network to 800 stores by FY2030, adding 120 this fiscal year and opening its first international store in Dubai. Backed by revenue up 50% to 8 billion rupees, it aims for profitability by March 2028 and an IPO in 5-7 years.
Specialty coffee chain Blue Tokai (Muhavra Enterprises) plans to triple its network to 800 stores by FY2030, expanding into new Indian cities and opening its first international store in Dubai, while eyeing an IPO within 5-7 years.
Why this matters
Blue Tokai's tripling to 800 stores aligns with its FY2030 push amid India's premium coffee boom, where the specialty market is set to double to $6.52 Bn by 2031 alongside Third Wave and Subko.
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