Flowers
LATEST
L
Latest News

Deepika Padukone dips toe in speciality coffee with investment in Blue Tokai

Sep 15, 2023

Actress Deepika Padukone’s venture firm Ka Enterprises has invested an undisclosed amount in speciality coffee company Blue Tokai, the Gurugram-based company said on Friday. Ka Enterprises has joined Blue Tokai’s Series B round announced in January this year, in which it raised $30 million at a valuation of around Rs 650 crore. A91 Partners led the round.

Other investors that had participated in the round include Anicut Capital, 8i Ventures, DSP Blackrock, Negen Capital, Mauryan Capital and White Whale Ventures.

“We have followed the brand’s growth very closely over the past decade and observed their vision and commitment to quality and innovation and are therefore thrilled to partner with them on their journey of making Indian specialty coffee accessible, delivering unparalleled coffee experiences and putting it on the global map,” Padukone said in a statement.

Padukone’s Ka Enterprises has previously backed startups such as Atomberg Technologies, BluSmart, Purplle, Epigamia and Bellatrix Aerospace.

“The coffee industry in India is in an extremely interesting phase right now, and with Blue Tokai leading the specialty coffee movement, we’re experiencing a remarkable shift in consumer preferences,” said Jigar Shah, the investment firm’s head of investment.