Angel Investments
Cafe chain startup Third Wave Coffee raises $6-M from Sujeet Kumar, Arpan Sheth, others
Bengaluru-based quick service restaurant (QSR) startup Third Wave Coffee has raised USD 6 million (about INR 45.5 crore) in Series A funding from several existing and new investors including Sujeet Kumar (Udaan co-founder), Arpan Sheth (Bain & Company) and Ayyappan Rajagopal (CEO of Cleartrip). It will use the fresh funds for pan-India expansion and to hire a leadership team from top QSR brands. Founded by Ayush Bathwal, Anirudh Sharma and Sushant Goel, Third Wave Coffee has grown from 10 outlets last year to 35 outlets across four cities, including Delhi. It had closed its pre-series A funding round in April from a clutch of investors including Kumar, Nikhil Kamath, Rajagopal, Neelesh Bhatnagar and others.
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