Other Private Equity/Strategic Investments
Westbridge, Creaegis to invest $100-M in Third Wave Coffee
Bengaluru-based Third Wave Coffee is raising USD 80-100 million in a funding round led by existing backers WestBridge Capital and Creaegis through a mix of primary and secondary share sales. The transaction is likely to take place at a valuation of USD 400-500 million.Founded in 2017 by Sushant Goel, Ayush Bathwal and Anirudh Sharma, Third Wave Coffee operates a chain of cafes and sells products including coffee beans, cold brew bags and merchandise.
Between Aug 2021 and Sep 2023, Third Wave Coffee had attracted about USD 61 M from Creaegis, Konark Capital, WestBridge, Addition Ventures and others.For FY25, Third Wave Coffee had reported about INR 269 Cr in Operating Income and about INR 94 Cr in Net loss.
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