Verlinvest, ChrysCapital in talks to invest in Blue Tokai’s $30-40 mn round

Private equity firms Verlinvest and ChrysCapital are in talks to participate in Blue Tokai's latest fundraise. The round, believed to be in the $30-40 million range, would make the specialty coffee chain the most valuable VC-backed brand in the country.

The deal deliberations are at the advanced stages, though the final details are yet to be finalised, three people with direct knowledge of the matter told The CapTable. Blue Tokai is negotiating the deal at a pre-money valuation of Rs 1,300 crore ($160 million), with the post-money valuation expected to be around $180-200 million.