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SUMMARY
Blue Tokai recorded total revenue of INR 221.1 Cr in FY24, up 72% YoY, primarily driven by coffee sales of INR 201 Cr and bakery business contribution of INR 15 Cr
The specialty coffee chain’s loss widened 46% to INR 62.9 Cr despite EBITDA margin improvement to -19.7%, as costs surged 66% to INR 285 Cr due to aggressive expansion
The startup raised $35 Mn in Series C funding at $180 Mn valuation in 2024, following a $30 Mn Series B round, bringing total fundraise to $78 Mn as it competes with Third Wave Coffee and other specialty…
