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 Ground Floor and First Floor, Nitesh, Lexington Avenue #72, Brigade Road, Mahatma Gandhi Road, Bangalore, Bangalore North, Karnataka, India, 560001.

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 ₹285Cr 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 33 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

Third Wave Coffee is a series C 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 $69.9M in funding from investors like Creaegis, WestBridge Capital and Milestone Trusteeship Services, with a current valuation of ₹*****. The company has 362 active competitors, including 33 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.

Website: www.thirdwavecoffeeroasters.com/
Social
Email ID: *****@thirdwavecoffee.in
Phone Number: +91 **********
Registered Address: Ground Floor and First Floor, Nitesh, Lexington Avenue #72, Brigade Road, Mahatma Gandhi Road, Bangalore, Bangalore North, Karnataka, India, 560001

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

₹285Cr as on Mar 31, 2025

Employee Count

1,860 as on Feb 28, 2026

Similar Companies

Sleepy Owl & 305 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	$33.7M (As on Mar 31, 2025)	1860 (As on Feb 28, 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	9668447	Series C	4441671	4358467	4150004	3916368
Jun 12, 2023	2407827	Series C	6314562	2395725	5043014	WestBridge Capital & 4 more
May 04, 2022	1189202	Series B	8257546	1608428	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.
Anirudh Sharma: Co-Founder of Third Wave Coffee. They serve on the board of 1 company.
Contact Info: 1 email address

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	70/100
4th	Third Wave Coffee 2016, Bengaluru (India), Series C	Internet first brand of roasted coffee beans, easy coffee bags, and cold brew	$69.9M	Tracxn Labs, Astir 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	Hatti Kaapi 2009, Bengaluru (India), Series A	Restaurant chain serving coffee	$8.5M	Geetham Shares And Securities, Kochi Holdings ... & 55 others	66/100
8th	Starbucks 2012, Mumbai (India), Funding Raised	Chain of coffee cafe	-	-	63/100
9th	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
10th	Coffee Day Group 1993, Bengaluru (India), Public	Operator of cafe chain, hospitality, logistics, financial services, technology parks	$220M	Analah Ventures, Aditya Birla Private Equity ... & 7 others	61/100

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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	2781248	1610616	7253801	8052031
Anirudh Sharma	4095209	9495618	2544533	2924113	2515515	7653424
Ayush Bathwal	4186248	7088723	7189905	2299253	4753279	7184107
Sushant Goel	6410805	3835972	1102578	8912176	4365609	2190949
Fund	53.45%	695Cr	2092608	5856106	2645537	1362341
WestBridge Capital	4854731	4396418	6066775	7311537	4762362	9808116
Creaegis	5076745	7779858	2800865	1315737	2885687	2250210
Enterprise	6.27%	81.4Cr	473412	165989	764641	915929
Angel	9.63%	127Cr	6102013	8545730	3801485	1612000
Arpan Sheth	0	0	0	0	0	0
Ayyappan Rajagopal	0	0	0	0	0	0
ESOP Pool	5.19%	67.5Cr	50476	92375	74841	21852
Total	100.00%	1,300Cr	4977732	8003345	6642049	5987466