In its India push, the consumer brands focused PE firm is looking to increase the average cheque sizes to $60 million, Asia head Arjun Anand has said
With the move, Swiggy's Snacc will follow the strategy that its rival Zepto has implemented. The company will now partner with third-party vendors and sell their products as part of Snacc.
Despite Blue Tokai's growth prospects, the rising prices of coffee globally may take a toll on Blue Tokai’s margins, co-founder and CEO Matt Chitharanjan told Moneycontrol in an interview.
Tata Starbucks, a joint venture between Starbucks and India's Tata Group, which has over 400 cafes, posted a revenue of 12.18 billion rupees last year, while Costa Coffee, with more than 179 cafes, recorded 1.52 billion rupees in revenue in fiscal 2024.
Blue Tokai will use the fresh funds to deepen its presence in existing metro markets and expand into new Tier I & II cities in India over the next three years, as premiumisation becomes a prominent theme across markets.
In January, Blue Tokai had said it will use the funds to scale the business and expand its global presence in specialty coffee markets. In addition, the company said it would also introduce new FMCG products.
The company will use the funds to scale the business and expand its global presence in specialty coffee markets
8i Ventures Fund-II will have a portfolio of 15-20 companies that 'we will invest in over the next three years', founding partner Vikram Chachra has said
In an exclusive interview, Shivam Shahi, co-founder and COO of Blue Tokai, explains how the company skillfully navigated the many pitfalls of the Covid pandemic with the help of multiple channels. He also outlines the speciality coffee company’s expansion plans.