Third Wave Coffee raises Rs 408 crore in funding
Third Wave Coffee has secured Rs 408 crore ($43 million) in funding from WestBridge Capital, Creaegis, and angel investors, as it intensifies its store expansion in the competitive premium cafe market. The round, comprising primary and secondary capital, will be used to expand in existing markets, enter new cities, and launch new categories like Third Rush Desserts.
The company, which currently operates over 240 cafes in India, aims to reach 320 by year-end and add around 100 cafes annually. CEO Rajat Luthra emphasized the focus on sustainable scaling with strong unit economics and operational discipline. The expansion includes recent ventures into Ahmedabad, Mangaluru, Agra, and eastern India markets like Kolkata. This follows a management reset led by former KFC India and Nepal executive Luthra since 2024.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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