Blue Tokai to triple stores to 800 by FY30, in talks to raise $100 Mn
Blue Tokai plans to grow from 240 to 800 outlets by FY30, adding 120 cafes this year and entering Ahmedabad and Lucknow. Revenue rose 50% to Rs 8 billion, with profitability targeted by March 2028. It is in early talks with TPG, Temasek and ChrysCapital for a $100 million raise.
Blue Tokai plans to triple stores from 240 to 800 by FY30, opening 120 cafes this year and entering Ahmedabad and Lucknow. It is in early talks with TPG, Temasek and ChrysCapital to raise $100 million.
Why this matters
The 800-store target reinforces Blue Tokai's aggressive expansion path, echoing prior signals on tripling its network, eyeing Dubai and an IPO, and sharpening its premium coffee fight with Starbucks amid India's coffee boom.
Store-opening activity holds steady with 779 signals in the last 90 days.