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 of Third Wave Coffee. They have 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 Feb 28, 2026, the latest employee count at Third Wave Coffee is 1860.

Is Third Wave Coffee a funded company?

Third Wave Coffee is a funded company, having raised a total of $69.9M across 10 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 Jun 28, 2024.

When was the latest funding round of Third Wave Coffee?

Third Wave Coffee's latest funding was a $***** Series C round on Jun 28, 2024, with participation from 4 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 4th amongst 362 active competitors, of which 34 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Sleepy Owl, which secured $1.28M in Mar, 2026.

Who are the top competitors of Third Wave Coffee?

Third Wave Coffee's top competitors include Starbucks, Blue Tokai Coffee Roasters and Sleepy Owl. Among them, Sleepy Owl secured the most recent funding round in March, 2026.

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

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.

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 C

Total Funding

$69.9M in 10 rounds

Latest Funding Round

Series C, Jun 28, 2024, $*****

Post Money Valuation

₹***** as on Jun 28, 2024

Investors

Creaegis & 80 more

Ranked

4^th among 362 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

1,860 as on Feb 28, 2026

Similar Companies

Blue Tokai Coffee Roasters & 306 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	Documents
HEISETASSE BEVERAGES PRIVATE LIMITED CIN: U15100KA2017PTC103079 , India, Active	May 18, 2017	$10M - $50M (As on Mar 31, 2025)	2017 (As on Apr 01, 2026)

Third Wave Coffee has raised a total funding of $69.9M over 10 rounds. Its first funding round was on Dec 22, 2017. Its latest funding round was a Series C round on Jun 28, 2024 for $*****. 4 investors participated in its latest round. Third Wave Coffee has 33 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
Jun 28, 2024	4699414	Series C	3425546	6531524	8327361	2817606
Jun 12, 2023	8358249	Series C	1186361	4427665	2778178	WestBridge Capital & 4 more
May 04, 2022	2724568	Series B	4409200	4840997	Milestone Trusteeship Services & 1 more	Sujeeth Kumar & 1 more

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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 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
. Sushant goel	Team	-	Current	7y 7m
Ayush Bathwal	Team	-	Current	9y 0m
Anirudh Sharma	Team	-	Current	9y 0m
Sujeet Kumar	Investor	-	Current	2y 8m
Anshuman Khosla	Investor	-	Current	2y 9m

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:

Employee count trend for Third Wave Coffee

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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:

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, Wider Sky & 12 others	77/100
2nd	Blue Tokai Coffee Roasters 2013, Gurugram (India), Series C	Retailer of freshly roasted coffee beans	$106M	Snow Leopard Ventures, DSP Mutual Fund & 66 others	72/100
3rd	Sleepy Owl 2016, Delhi (India), Series A	Retailer of premium instant coffee, cold brew, and coffee accessories	$12M	DSG Consumer Partners, Rukam Capital & 16 others	71/100
4th	Third Wave Coffee 2016, Bengaluru (India), Series C	Internet first brand of roasted coffee beans, easy coffee bags, and cold brew	$69.9M	Milestone Trusteeship Services, NB Ventures ... & 79 others	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	Temasek, YUM! Brands & 17 others	67/100
7th	Starbucks 2012, Mumbai (India), Funding Raised	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	Mirae Asset Venture, Advent International ... & 2 others	63/100
9th	Coffee Day Group 1993, Bengaluru (India), Public	Operator of cafe chain, hospitality, logistics, financial services, technology parks	$220M	Aditya Birla Private Equity, Sequoia Capital ... & 7 others	61/100
10th	Hatti Kaapi 2009, Bengaluru (India), Series A	Restaurant chain serving coffee	$8.5M	Kochi Holdings, Geetham Shares And Securities ... & 55 others	58/100

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Founders own 25.46%, Funds (largest shareholder) own 53.45%, Enterprises own 6.27% 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	5150994	2406880	9030219	4773542
Anirudh Sharma	4016911	7880648	3176884	8881415	5282546	6192589
Ayush Bathwal	8992719	7550910	7303384	1355595	5759645	4538959
. Sushant goel	1059046	5516605	7037667	5294716	3945924	2467608
Fund	53.45%	695Cr	9034664	6569708	9307453	4772814
WestBridge Capital	3650461	8724545	1729115	8760350	9058639	1864398
Creaegis	6689615	8209025	6295680	8272034	5515941	3057018
Enterprise	6.27%	81.4Cr	226568	513775	981137	146712
Angel	9.63%	127Cr	7187876	5976913	1963822	8402195
Arpan Sheth	0	0	0	0	0	0
Ayyappan Rajagopal	0	0	0	0	0	0
ESOP Pool	5.19%	67.5Cr	37934	23209	71663	25100
Total	100.00%	1,300Cr	6071311	1291793	6633562	2968445