Third Wave Coffee - About the company
Third Wave Coffee is a series D company based in Bengaluru (India), founded in 2016 by Sushant Goel, Ayush Bathwal and Anirudh Sharma. It operates as an Internet first brand of roasted coffee beans, easy coffee bags, and cold brew. Third Wave Coffee has raised $112M in funding from investors like Creaegis, WestBridge Capital and Milestone Trusteeship Services, with a current valuation of ₹*****. The company has 369 active competitors, including 35 funded and 11 that have exited. Its top competitors include companies like Starbucks, Blue Tokai Coffee Roasters and Sleepy Owl.
Company Details
Internet first brand of roasted coffee beans, easy coffee bags, and cold brew. It offers single-origin and special blend coffees. It also provides merchandise, brewing guides, and answers to frequently asked questions. The business ensures ethically sourced and freshly roasted coffee. The company offers a variety of coffee beans, cold brews, and related merchandise. It provides single-origin and special blend coffees. It also offers easy coffee bags and cold brew options. It focuses on ethically sourced and freshly roasted coffee.
- Social
- Email ID
- *****@thirdwavecoffee.in
- Phone Number
- +91 **********
- Registered Address
- #492,1st,2nd&3rd Floor,AboveThird, wave coffee , 17th Main ,2nd sector, HSR Layout, Bangalore, Bangalore South, Karnataka, India, 560102
Key Metrics
Founded Year
2016
Location
Bengaluru, India
Stage
Series D
Total Funding
$112M in 11 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jun 28, 2024
Ranked
4th among 369 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
1,860 as on Feb 28, 2026
Similar Companies
Legal entities associated with Third Wave Coffee
Third Wave Coffee is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
HEISETASSE BEVERAGES PRIVATE LIMITED CIN: U15100KA2017PTC103079 , India, Active | May 18, 2017 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 2116 (As on May 01, 2026) |
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Third Wave Coffee's funding and investors
Third Wave Coffee has raised a total funding of $112M over 11 rounds. Its first funding round was on Dec 22, 2017. Its latest funding round was a Series D round on Aug 24, 2026 for $*****. 2 investors participated in its latest round. Third Wave Coffee has 35 institutional investors and 48 angel investors.
Here is the list of recent funding rounds of Third Wave Coffee:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 24, 2026 | 9727022 | Series D | 3351509 | 4497406 | 8955333 | 2254964 |
Jun 28, 2024 | 3358336 | Series C | 3668581 | 6367988 | 1624903 | |
Jun 12, 2023 | 9972396 | Series C | 9416365 | 4239013 |
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Third Wave Coffee's founders and board of directors
Founder? Claim ProfileThe founders of Third Wave Coffee are Sushant Goel, Ayush Bathwal and Anirudh Sharma. . Sushant Goel is the CEO of Third Wave Coffee.
Here are the details of Third Wave Coffee's key team members:
- Sushant Goel: Co-Founder & Co-CEO of Third Wave Coffee and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 phone number
- Ayush Bathwal: Co-Founder of Third Wave Coffee. They serve on the board of 1 company.Contact Info: 1 phone number
- Anirudh Sharma: Co-Founder of Third Wave Coffee. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Third Wave Coffee's Board of Directors
Third Wave Coffee's board has 5 active members. Sujeet Kumar, Sushant Goel, Ayush Bathwal, Anirudh Sharma and Anshuman Khosla are part of team.Here is the list of Third Wave Coffee's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 9m | |
Team | - | Current | 9y 2m | |
Team | - | Current | 9y 2m | |
Investor | - | Current | 2y 10m | |
Investor | - | Current | 2y 11m |
View details of Third Wave Coffee's Founder profiles and Board Members
Third Wave Coffee's employee count trend
Third Wave Coffee has 1,860 employees as of Feb 26. The total employee count is 35.0% more than what it was in Feb 25. Here is Third Wave Coffee's employee count trend over the years:
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Third Wave Coffee's Competitors and alternates
Top competitors of Third Wave Coffee include Starbucks, Blue Tokai Coffee Roasters and Sleepy Owl. Here is the list of Top 10 competitors of Third Wave Coffee, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Starbucks 1971, Seattle (United States), Public | Chain of limited-service restaurants serving coffee | - | 77/100 | |
2nd |  Blue Tokai Coffee Roasters 2013, Gurugram (India), Series C | Retailer of freshly roasted coffee beans | $113M | 72/100 | |
3rd | Sleepy Owl 2016, Delhi (India), Series A | Retailer of premium instant coffee, cold brew, and coffee accessories | $12M | 71/100 | |
4th |  Third Wave Coffee 2016, Bengaluru (India), Series D | Internet first brand of roasted coffee beans, easy coffee bags, and cold brew | $112M | 70/100 | |
5th | YUM! Brands 1997, Louisville (United States), Acquired | Restaurants chains | - | - | 69/100 |
6th | Devyani International 1991, Delhi (India), Public | Restaurant chain serving multiple dishes | $153M | 67/100 | |
7th | Chain of coffee cafe | - | - | 63/100 | |
8th | The Coffee Bean & Tea Leaf 1963, Los Angeles (United States), Acquired | Online retailer of premium coffee, tea, powders, drinkware, and equipment | $5M | 63/100 | |
9th | Coffee Day Group 1993, Bengaluru (India), Public | Operator of cafe chain, hospitality, logistics, financial services, technology parks | $220M | 61/100 | |
10th | Cafe Coffee Day 1993, Bengaluru (India), Public | Restaurant chain serving coffee | $251M | 60/100 |
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Third Wave Coffee's Latest cap tables and shareholding
Founders own 25.46%, Funds (largest shareholder) own 54.30%, Enterprises own 5.42% and Angels own 9.63%. The net worth of Third Wave Coffee's founders is INR 331Cr as of Jun 28, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 25.46% | 331Cr | 5830224 | 9597514 | 4127313 | 1798321 |
8422143 | 1744661 | 6062709 | 9591528 | 7149399 | 3197011 | |
8320877 | 4910081 | 6508955 | 7693844 | 4851642 | 1313919 | |
4342847 | 7581769 | 7692457 | 5512174 | 5241547 | 6403592 | |
Fund | 54.30% | 706Cr | 3646116 | 9472476 | 4116376 | 7063202 |
6477319 | 4733015 | 9398432 | 1908088 | 8373515 | 8885097 | |
8975560 | 6398033 | 6979898 | 1645142 | 4121284 | 4669926 | |
Enterprise | 5.42% | 70.5Cr | 54136 | 29307 | 39020 | 32538 |
Angel | 9.63% | 127Cr | 5682152 | 6013746 | 2999807 | 5163944 |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 5.19% | 67.5Cr | 51513 | 10215 | 17994 | 94664 |
Total | 100.00% | 1,300Cr | 6601076 | 8913059 | 4463756 | 2598939 |
To unlock detailed Cap Table of Third Wave Coffee Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Third Wave Coffee's Shareholding
Third Wave Coffee's Investments and acquisitions
Third Wave Coffee has made no investments or acquisitions yet.
Reports related to Third Wave Coffee
Here is the latest report on Third Wave Coffee's sector:
News related to Third Wave Coffee
Filter this listMedia has covered Third Wave Coffee for a total of 12 events in the last 1 year, 8 of them have been about company updates.
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Third Wave, Airbound lead weekly funding at $208 million, down 56% on-yearIndiatimes•Aug 28, 2026•Third Wave Coffee
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Third Wave Coffee Raises Rs 408 Crore Led by WestBridge Capital for ExpansionMoneycontrol•Aug 24, 2026•Third Wave Coffee, WestBridge Capital
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Third Wave brews $100 mn round led by existing backersPressReader•May 27, 2026•Third Wave Coffee, WestBridge Capital, Creaegis
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Third Wave bets on desserts with ‘Third Rush’ to boost footfall beyond peak coffee hoursFinancial Express•Apr 23, 2026•Third Wave Coffee
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Third Wave Coffee marks 200th café milestone with Chembur launchHotelierIndia•Dec 12, 2025•Third Wave Coffee
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Third Wave Coffee expands into Ahmedabad with two new cafésHotelierIndia•Nov 20, 2025•Third Wave Coffee
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