Blue Tokai (Muhavra Enterprises Private Limited) has raised approximately ₹244.8 crores ($30 million) from a Series C funding round led by A91 Emerging Fund II LLP.
Other investors include White Whale Ventures, Grand Anicut Fund and 8i Ventures.
IndusLaw advised and represented Blue Tokai in this funding round.
The transaction team consisted of Nikita Goyal (Partner), Deepansh Goyal (Associate) and Ayush Singh (Associate).
Avimukt Dar (Founding Partner) provided strategic guidance.
Talwar Thakore & Associates (Delhi) represented lead investor A91 in this transaction and the team was led by Partners Gautam Saha and Sachin Mehta along with Managing Associate Harshit Chandra, Senior Associate Aditi Sachdev and Associates Utsav Agarwal and Dev Jain.
Blue Tokai will use the fresh funds to scale up business and expand its presence in the speciality coffee markets globally. It is also working towards rolling out a slate of new FMCG products.