Blue Tokai Plans Revenue Increase by 2027

Indian coffee chain Blue Tokai aims to triple its annual revenue to 10 billion rupees ($118.5 million) by 2027 before considering an initial public offering (IPO), according to CEO Matt Chitharanjan. The company plans to expand from over 130 cafes to around 350, particularly in cities like Hyderabad and Chennai, capitalizing on India's $300 million specialty tea and coffee market. Despite the growing competition from brands like Starbucks and Costa Coffee, Chitharanjan expresses confidence in Blue Tokai's market position, focusing on internal growth rather than an immediate IPO, as its investors are not pressuring for a quick market debut. The company, backed by Belgian investment firm Verlinvest, has raised $81 million since its inception in 2013. India's coffee culture is rapidly evolving, with urban consumers increasingly using cafes for work and meetings. While the broader stock market has faced challenges, Blue Tokai’s strategy reflects a commitment to long-term growth and healthy profit margins.