# Blue Tokai Coffee Roasters

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-tokai-coffee-roasters

- Industry: Consumer Products
- Headquarters: Gurgaon, India
- Website: www.bluetokaicoffee.com
- Total disclosed funding: $103M
- Latest round: Series D (May 4, 2026)
- Investors on record: 31

## About

Founded in 2013 by co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi and based in Haryana, India, Muhavra Enterprises Private Limited, doing business as Blue Tokai Coffee Roasters, provides a range of products and services such as coffee beans, roasted coffee, cafes, and through an online platform. Blue Tokai's product range includes various blends and single-origin coffees, which are roasted in small batches to maintain quality. The offerings encompass a variety of roasts, like light, dark, medium, and medium dark. Additionally, the company sells brewing equipment, such as French presses, pour-over kits, and espresso machines, along with accessories like mugs and filters. The company also provides subscription services, allowing customers to receive roasted coffee at regular intervals. In May 2026, Blue Tokai Coffee Roasters raised INR 175 million in series D funding led by Anicut Capital, with participation from A91 Emerging Fund, Verlinvest, 12 Flags, Waterfield Advisors, Rama Asset Management, Bhoruka Supply Chain, and Prudent Advisors. The company plans to use the May 2026 funding to support business expansion and growth initiatives.

## Funding rounds

- Series D, May 4, 2026, $18M — Anicut Capital, Rama Asset Management, A91 Partners, Waterfield Advisors, Verlinvest, 12 Flags Group, Prudent Advisors, Concatenate Advest, Bhoruka Supply Chain
- Series D, Sep 2, 2024, $17M — Verlinvest, Anicut Capital, DSP Investment Managers, 12 Flags Group
- Series B, Sep 15, 2023 — Anicut Capital, 8i Ventures, A91 Partners, KA Enterprises LLP, White Whale Partners
- Series B, Jan 18, 2023, $30M — Anicut Capital, 8i Ventures, A91 Partners, White Whale Group
- Series C, Jan 13, 2023, $25M — Anicut Capital, 8i Ventures, A91 Partners, KA Enterprises LLP, Dovetail Investment Management, Verlinvest, DSP HMK Holdings Pvt Ltd, Perrin Advisors LLP
- Series B, Dec 9, 2022, $1.9M — Anicut Capital, Mauryan Capital Management Private Limited, Unmaj Corporation LIP
- Series B, Feb 19, 2022, $2.9M — Z Nation Lab, Mauryan Capital Management Private Limited, AL trust, Unmaj Corporation LIP, ANAA International LLC
- Series B, Jul 15, 2021, $2.2M — Shiprocket, Anicut Capital, 8i Ventures, AL trust, ANAA International LLC
- Series A, Jul 30, 2020, $2M — Snow Leopard Ventures, 8i Ventures, DSP Adiko., Oriental Carbon and Chemicals Limited, Vikramaditya Mohan Thapar Family Trust, Raghuvanshi Investment, Indo Nippon Foods Private Limited, Atma Ram Builders Pvt. Ltd., ANAA International LLC
- Series A, Jun 1, 2019, $3.4M — 8i Ventures
- Seed, May 16, 2015, $0.6M — Snow Leopard Ventures, Bold Ventures

## Investors

- Snow Leopard Ventures (https://capitalatlas.ai/funds/snow-leopard-ventures) — Seed, Series A
- Bold Ventures — Seed
- 8i Ventures (https://capitalatlas.ai/funds/8i-ventures) — Series A, Series B, Series C
- DSP Adiko. — Series A
- Oriental Carbon and Chemicals Limited — Series A
- Vikramaditya Mohan Thapar Family Trust — Series A
- Raghuvanshi Investment — Series A
- Indo Nippon Foods Private Limited — Series A
- Atma Ram Builders Pvt. Ltd. — Series A
- ANAA International LLC — Series A, Series B
- Shiprocket — Series B
- Anicut Capital (https://capitalatlas.ai/funds/anicut-capital) — Series B, Series C, Series D
- AL trust — Series B
- Z Nation Lab (https://capitalatlas.ai/funds/z-nation-lab) — Series B
- Mauryan Capital Management Private Limited — Series B
- Unmaj Corporation LIP — Series B
- A91 Partners (https://capitalatlas.ai/funds/a91-partners) — Series C, Series B, Series D
- KA Enterprises LLP — Series C, Series B
- Dovetail Investment Management — Series C
- Verlinvest — Series C, Series D
- DSP HMK Holdings Pvt Ltd — Series C
- Perrin Advisors LLP — Series C
- White Whale Group (https://capitalatlas.ai/funds/white-whale-group) — Series B
- White Whale Partners (https://capitalatlas.ai/funds/white-whale-partners) — Series B
- DSP Investment Managers — Series D
- 12 Flags Group (https://capitalatlas.ai/funds/12-flags-group) — Series D
- Rama Asset Management — Series D
- Waterfield Advisors (https://capitalatlas.ai/funds/waterfield-advisors) — Series D
- Prudent Advisors — Series D
- Concatenate Advest — Series D
- Bhoruka Supply Chain — Series D