Third Wave Coffee raises $43 mn in funding round led by WestBridge Capital
The coffee chain will use the fresh funding to expand in existing markets, enter new eastern cities and strengthen its food offerings, including desserts
Third Wave Coffee, a Bengaluru-based coffee chain, has secured ₹408 crore ($43 million) in fresh funding to bolster its expansion plans. Led by WestBridge Capital, the round attracted additional capital from Creagis and undisclosed angel investors. The proceeds will be earmarked to bolster its existing market footprint, boost store density in promising cities, and accelerate the growth of its dessert line, Third Rush Desserts.
Presently, the company boasts over 240 cafes spread across India and is on track to reach 320 outlets by the end of the current fiscal year. CEO Rajat Luthra expressed optimism, stating that their goal to add 100 new cafes annually highlights the vast opportunities ahead. Since its inception, Third Wave Coffee has expanded into Ahmedabad, Mangalore, and Agra, and has also ramped up its presence in major cities like Delhi NCR, Hyderabad, Chennai, Mumbai, and Pune.
In June 2026, the chain ventured into eastern India with three cafes in Kolkata and is currently scouting for growth potential in cities like Guwahati, Ranchi, Patna, and Bhubaneswar.
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Also reported by 3 other outlets
- Third Wave Coffee Raises ₹408 Cr To Expand Cafe Network, Dessert Business inc42.com
- Third Wave Coffee raises Rs 408 crore in funding economictimes.indiatimes.com
- Third Wave Coffee raises Rs 408 Cr in funding round led by WestBridge Capital yourstory.com
