1 week ago
Third Wave Coffee Raises ₹408 Crore to Expand Nationwide
Third Wave Coffee is a company that runs cafés and sells food in India.
It has raised ₹408 crore to help grow its business.
WestBridge Capital led the investment, with Creagis and other investors also participating.
The company currently has more than 240 cafés.
It hopes to have 320 cafés by the end of the fiscal year.
It plans to open cafés in more cities and become stronger in places where it already operates.
Some of the money will also be used to expand its dessert business, called Third Rush Desserts.
The company says it wants to grow carefully while keeping its cafés financially healthy and providing customers with a consistent experience.
Third Wave Coffee raised ₹408 crore, or $43 million, in a funding round led by existing investor WestBridge Capital.
Creagis and other angel investors also participated in the round, which included primary and secondary capital.
The company operates more than 240 cafés and aims to reach 320 by the end of the fiscal year.
Funding will support expansion in existing markets, greater density in high-potential cities, and the development of Third Rush Desserts.
Third Wave Coffee plans to enter eight new geographies by next month and add 100 cafés annually.
- Who
- Third Wave Coffee, led by CEO Rajat Luthra, raised funding from WestBridge Capital, Creagis and other angel investors.
- What
- The coffee and food quick-service restaurant brand raised ₹408 crore ($43 million) in a funding round involving primary and secondary capital.
- Where
- Third Wave Coffee operates across India and plans further expansion in existing and new Indian markets.
- When
- The funding was announced on August 24, 2026; the company plans to enter eight new geographies by the following month.
- Why
- The funding will support geographic expansion, denser café networks in high-potential cities, operational strengthening and growth in the dessert segment.
Key facts
- Funding raised
- ₹408 crore ($43 million)
- Lead investor
- WestBridge Capital
- Other participants
- Creagis and other angel investors
- Current café network
- More than 240 cafés across India
- Fiscal-year target
- 320 cafés
- Expansion ambition
- Add 100 new cafés every year
- New category
- Third Rush Desserts
Quotes
Sandeep Singhal
Co-founder and Managing Partner of WestBridge Capital
“Coffee is becoming an increasingly important consumer category in India, and Third Wave Coffee has built a strong position through its relentless focus on quality and execution.”
thehindubusinessline.com
“We currently operate more than 240 cafés across India and are aiming to reach 320 cafes by fiscal end.”
thehindubusinessline.com
Sources
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