The pandemic hit seems to be in the past for Delhi-based Blue Tokai, which opened 21 cafes this year and claims to have roasted and sold 1,000 tons of coffee till now. The coffee startup is projecting 2x growth in revenue in FY22.
The investment by 12 Flags comes at a time when cafe chains in India are growing faster than quick service restaurants (QSRs), fuelled by younger set of consumers, aspirational demand, and menu innovation. In addition to new-age speciality coffee chains such as Blue Tokai, Third Wave and Slay, there are legacy brands such as Tata Starbucks, Costa Coffee and Barista, as well as relatively newer global entrants to India like British chain Pret a Manger and Canada s Tim Hortons, all of which are fuelling demand for cafes.
Brews & Shoes: A Unique Explanation For Why Your Sneaker Store Now Has a Café indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.