Ka Enterprises Founder Deepika Padukone said the investment will support Blue Tokai’s drive to put Indian specialty coffee ‘on the global map’
Blue Tokai currently operates 80 outlets and three roasteries across India | Photo credit: Blue Tokai Coffee Roasters
Gurgaon-based Blue Tokai Coffee Roasters has received new funding from Ka Enterprises, the investment firm founded by Indian actress and entrepreneur Deepika Padukone.
Ka Enterprises’ investment, the sum of which has not been disclosed, forms part of Blue Tokai’s ongoing Series B funding round, which reached Rs 250 Cr ($30m) in January 2023.
The investment round will support the Indian specialty coffee roaster and café chain’s plan to open nearly 200 new stores over the next three years.
“We have followed the brand’s growth very closely over the past decade and are therefore thrilled to partner with them on their journey of making Indian specialty coffee accessible, delivering unparalleled coffee experiences and putting it on the global map,” said Padukone.
Founded in 2013, Blue Tokai currently operates 80 outlets across India, the majority of which are in the states of Delhi and Maharashtra. The business also operates three roasteries, alongside direct-to-consumer and business-to-business channels.
The Series B round is Blue Tokai’s third equity raise. The specialty coffee roaster and café chain raised Rs 40 Cr ($4.8m) from early-stage funds and angel investors in 2020, and Rs 17 Cr ($2m) from the Anicut Angel Fund in August 2022.
Current and previous investors include A91 Partners, Anicut Capital, 8i Ventures, DSP Blackrock, Negen Capital, Mauryan Capital and White Whale Ventures.
Padukone founded Ka Enterprises in 2014 to invest in consumer-focused startups. The firm has previously invested in Indian dairy manufacturer Epigamia, furniture retailer Furlenco and educational gaming brand Playshifu.