Homegrown coffee brand Blue Tokai Coffee Roasters raises USD 30 million (Rs 245 crore) in its latest funding round, led by Mumbai-based investment firm A91 Partners, according to media reports.
Recent funding round saw the participation from The White Whale Ventures and existing investors including Grand Anicut Fund and 8i Ventures, also participated in the funding round, which also saw some angel investors sell shares.
The media reports further disclose that the coffee brand is expected to have been valued at Rs 650 crore, post the investment round, according to people close to the deal.