When was Third Wave Coffee founded?

Third Wave Coffee was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Third Wave Coffee located?

Third Wave Coffee is headquartered in Bengaluru, India. It is registered at #492,1st,2nd&3rd Floor,AboveThird, wave coffee , 17th Main ,2nd sector, HSR Layout, Bangalore, Bangalore South, Karnataka, India, 560102.

Who is the current CEO of Third Wave Coffee?

Sushant Goel and Rajat Luthra s of Third Wave Coffee. Sushant Goel has also founded 1 company.

Which legal entities is Third Wave Coffee associated with?

Third Wave Coffee is associated with HEISETASSE BEVERAGES PRIVATE LIMITED.

How many employees does Third Wave Coffee have?

As of May 31, 2026, the latest employee count at Third Wave Coffee is 2116.

Is Third Wave Coffee a funded company?

Third Wave Coffee is a funded company, having raised a total of $108M across 11 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Dec 22, 2017.

How much is Third Wave Coffee worth?

The latest valuation of Third Wave Coffee is ₹***** as of Aug 24, 2026.

When was the latest funding round of Third Wave Coffee?

Third Wave Coffee's latest funding was a $***** Series D round on Aug 24, 2026, with participation from 2 investors.

What is the annual revenue of Third Wave Coffee?

Annual revenue of Third Wave Coffee is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Third Wave Coffee rank among its competitors?

Third Wave Coffee ranks 2nd amongst 70 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Third Wave Coffee, which secured $42.6M in Aug, 2026.

Who are the top competitors of Third Wave Coffee?

Third Wave Coffee's top competitors include Starbucks, Starbucks and The Coffee Bean & Tea Leaf. Among them, Third Wave Coffee secured the most recent funding round in August, 2026.

Third Wave Coffee - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Chains providing specialty coffee and curated food offerings. The business operates a network of cafes offering a variety of coffee roasts, including single-origin beans and special blends, alongside a selection of food items. Customers can purchase coffee equipment, brewing accessories, and merchandise through both physical retail locations and online platforms. The company focuses on providing a diverse range of coffee experiences, from light to dark roasts, catering to both casual drinkers and coffee enthusiasts.

Website: www.thirdwavecoffeeroasters.com/
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

$108M in 11 rounds

Latest Funding Round

Series D, Aug 24, 2026, $*****

Post Money Valuation

₹***** as on Aug 24, 2026

Investors

WestBridge Capital & 82 more

Ranked

2^nd among 70 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

2,116 as on May 31, 2026

Similar Companies

Starbucks & 1279 more

View Third Wave Coffee's full profile

Third Wave Coffee is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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)

Third Wave Coffee has raised a total funding of $108M 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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 24, 2026	4083727	Series D	6409471	7800284	7399034	9642129
Jun 12, 2023	6566302	Series C	7394018	5737278	7545428	WestBridge Capital & 4 more
May 09, 2022	3445595	Series B	8965938	3439127	WestBridge Capital	Konark Trust & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Third Wave Coffee's funding rounds and investors

The founders of Third Wave Coffee are Sushant Goel, Ayush Bathwal and Anirudh Sharma. Sushant Goel and Rajat Luthra are the CEOs 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 email address and 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
Rajat Luthra: Co-CEO of Third Wave Coffee.
Contact Info: 1 email address

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
Sushant Goel	Team	-	Current	9y 0m
Ayush Bathwal	Team	-	Current	9y 4m
Anirudh Sharma	Team	-	Current	9y 4m
Sujeet Kumar	Investor	-	Current	3y 1m
Anshuman Khosla	Investor	-	Current	3y 1m

View details of Third Wave Coffee's Founder profiles and Board Members

Third Wave Coffee's employee count trend

Third Wave Coffee has 2,116 employees as of May 26. The total employee count is 31.0% more than what it was in May 25. Here is Third Wave Coffee's employee count trend over the years:

Employee count trend for Third Wave Coffee

Uncover Third Wave Coffee's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Third Wave Coffee include Starbucks, Starbucks and The Coffee Bean & Tea Leaf. Here is the list of Top 10 competitors of Third Wave Coffee, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Starbucks 1971, Seattle (United States), Public	Chain of limited-service restaurants serving coffee	-	Black Capital Investments, Boston York Restaurant Group ... & 12 others	76/100
2nd	Third Wave Coffee 2016, Bengaluru (India), Series D	Chains providing specialty coffee and curated food offerings	$108M	WestBridge Capital, Milestone Trusteeship Services ... & 81 others	70/100
3rd	Starbucks 2012, Mumbai (India), Funding Raised	Chain of coffee cafe	-	-	64/100
4th	The Coffee Bean & Tea Leaf 1963, Los Angeles (United States), Acquired	Online retailer of premium coffee, tea, powders, drinkware, and equipment	$5M	Mirae Asset Venture, Advent International ... & 2 others	63/100
5th	Coffee Day Group 1993, Bengaluru (India), Public	Operator of cafe chain, hospitality, logistics, financial services, technology parks	$220M	Aditya Birla Private Equity, Analah Ventures ... & 7 others	61/100
6th	Cafe Coffee Day 1993, Bengaluru (India), Public	Restaurant chain serving coffee	$251M	Affirma Capital, IFC & 10 others	60/100
7th	Hatti Kaapi 2009, Bengaluru (India), Series A	Restaurant chain serving coffee	$8.5M	Kochi Holdings, Geetham Shares And Securities ... & 55 others	58/100
8th	Nothing Before Coffee 2017, Jaipur (India), Seed	Internet first brand of coffee	$3.02M	Prath Ventures, We Founder Circle & 3 others	57/100
9th	Barista 2000, Gurugram (India), Acquired	Chain of coffee bars	$2.17M	Canwick Investment, Ironwood Capital Partners ... & 1 others	56/100
10th	Cothas Coffee 1949, Bengaluru (India), Unfunded	Provider of premium coffee blends and coffee equipment	-	-	43/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Third Wave Coffee's competitors? Click here to see the top ones

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. The cap table displayed below is for HEISETASSE BEVERAGES PRIVATE LIMITED which is the legal entity associated with Third Wave Coffee.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	25.46%	331Cr	5923757	6543557	7702329	7777695
Ayush Bathwal	9294043	8269841	7013057	2737483	7109986	4441473
Anirudh Sharma	2315828	4287736	9782611	3885351	6666529	5077995
Sushant Goel	2902883	6254108	8391531	6875113	7477868	5480108
Fund	54.30%	706Cr	8402294	5077356	9749972	6829589
WestBridge Capital	6208458	4951611	8368647	4606795	6947697	6816319
Creaegis	6734953	2485119	5587316	5510717	3027417	4603827
Konark Trust	0	0	0	0	0	0
Enterprise	5.42%	70.5Cr	47740	61415	16691	18559
Angel	9.63%	127Cr	4861411	5203689	2705563	8019199
Sujeeth Kumar	31479	20747	95131	16200	47691	31136
Ayyappan Rajagopal	0	0	0	0	0	0
ESOP Pool	5.19%	67.5Cr	47703	11681	62156	92691
Total	100.00%	1,300Cr	4982444	9510075	3850720	4363225