Indian coffee e-tailer Blue Tokai Coffee Roasters has raised funding from one of its existing investors on Wednesday, according to a source close the deal. The company directly source beans from growers and does coffee roasting in-house to keep the quality of the coffee. It aims to use funds to add more roasteries in other major cities across India.
Earlier in Feb 2016, Blue Tokai has raised an undisclosed amount in the first seed financing, led by Snow Leopard Ventures with participation from Bold Ventures.
Queries sent by Entrackr to Blue Tokai remained unanswered till publishing of this report. Blue Tokai will use the amount raised for expansion and better its existing technological interface added sources.
Founded in Oct 2012 by Matt Chitharanjan and Namrata Asthana, the startup last year set up a roastery and cafe in Delhi. It gets single-estate Arabica coffee beans from
premium Indian coffee estates, roasts them on order, and sells them online direct to consumers and offline to leading cafes, restaurants and hotels. It is also considered to be first coffee retailer in the country to introduce ‘Profile Roasting’, a process to extract supreme flavour from the bean.
The firm claimed to touch Rs 2 crore figure from its sales and in last three years, the company’s sales have been doubling every year.
In August 2015, DropKaffe had raised $300K in a funding round led by Manish Singhal and P39 Capital. Angels from the US, India and Singapore also participated in the
round. Another tea e-tailer Teabox,com had raised undisclosed amount from Ratan Tata to expand its global footprint.