Bengaluru-based specialty coffee chain part of India's third-wave coffee movement. Third Wave Coffee operates cafes across cities including Bengaluru, Delhi, Pune, Mumbai and Hyderabad, and sells packaged products such as single-origin coffee beans and cold brew bags, alongside its Third Rush Desserts segment. Founded in 2017 by Sushant Goel, Ayush Bathwal and Anirudh Sharma.
1StartupFox story
2017Founded
F&B(Coffee Chain)Sector
Aug 2026Latest coverage
Funding
Third Wave Coffee has raised $99M across 3 disclosed rounds.
$99MRaised
$43MLatest round
3Events
RoundAug 2026reported
$43M
InvestorsWestBridge Capital, Creaegis
ValuationNot disclosed
Tap any bar to see that round
Not disclosed
Aug 2026Round$43MWestBridge Capital, Creaegis Not disclosed
Sep 2023Round$35MCreaegis, WestBridge Capital Not disclosed
2022Round$21MWestBridge Capital Not disclosed
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
Operating revenue ₹285 Cr; net loss narrowed to ₹94 Cr. Company reported over 90% of cafes EBITDA-positive at store level (management-stated, unaudited). FY26 financials not yet filed.
Third Wave Coffee founded in Bengaluru by Sushant Goel, Ayush Bathwal and Anirudh Sharma, opening its first cafe in Koramangala. ↗
2022 · funding
Round — $21M at Not disclosed, led by WestBridge Capital.
Sep 2023 · funding
Round — $35M at Not disclosed, led by Creaegis.
Mar 2024 · milestone
Co-founder and CEO Sushant Goel stepped down from the CEO role and moved to the board; Rajat Luthra, former CEO of KFC India and Nepal, was appointed CEO. ↗
Aug 2026 · funding
Round — $43M at Not disclosed, led by WestBridge Capital.
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Bengaluru-based specialty coffee chain part of India's third-wave coffee movement. Third Wave Coffee operates cafes across cities including Bengaluru, Delhi, Pune, Mumbai and Hyderabad, and sells packaged products such as single-origin coffee beans and cold brew bags, alongside its Third Rush Desserts segment. Founded in 2017 by Sushant Goel, Ayush Bathwal and Anirudh Sharma.
Who founded Third Wave Coffee?
Third Wave Coffee is associated with Sushant Goel, Ayush Bathwal, Anirudh Sharma.
How much funding has Third Wave Coffee raised?
Third Wave Coffee has raised $99M across 3 disclosed rounds. The most recent was a $43M round in Aug 2026.
Who are Third Wave Coffee's investors?
Disclosed investors in Third Wave Coffee include WestBridge Capital, Creaegis.
What is Third Wave Coffee's valuation?
Third Wave Coffee was last reported at Not disclosed, at the time of its round in Aug 2026.
Is Third Wave Coffee profitable?
Per its FY25 standalone filing, Third Wave Coffee reported ₹285 Cr in revenue, with a ₹94 Cr loss.
What is the latest news on Third Wave Coffee?
The most recent StartupFox coverage is “Third Wave Coffee Raises ₹408 Crore Led by WestBridge Capital to Fund Expansion and Dessert Push” (24 August 2026). All stories are listed on this page.
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