Third Wave Coffee has closed a Rs 408 crore funding round led by WestBridge Capital, aiming to accelerate its growth to 320 cafés by FY27. The capital will fund geographic expansion, higher store density in key cities, and new product categories.

  • Rs 408 crore fresh funding secured
  • Led by WestBridge Capital
  • Target of 320 cafés by FY27

Funding Round Overview

Third Wave Coffee, a city‑focused coffee and food chain, successfully closed a Rs 408 crore round. Existing investor WestBridge Capital led the round, with participation from Creagis and several angel investors.

Growth Strategy

The company says the capital will fuel the next phase of expansion, directing resources toward geographic growth in existing markets, increasing density in high‑potential cities, and broadening the brand’s ability to serve a wider range of consumer occasions.

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Geographic Footprint

Last year, Third Wave Coffee entered Ahmedabad, Mangalore and Agra, while strengthening its presence across Delhi‑NCR, Hyderabad, Chennai, Mumbai and Pune. In June 2026, it debuted in East India with three cafés in Kolkata and is now evaluating opportunities in Guwahati, Ranchi, Patna and Bhubaneswar.

CEO Vision

Rajat Luthra, CEO, noted that the brand currently operates over 240 cafés nationwide and aims to reach 320 by the end of FY27. “We have built a strong consumer proposition and remain focused on sustainable scaling, solid unit economics, healthy store payback, operational discipline and a consistent customer experience. This fundraise will accelerate our expansion and strengthen new categories, with desserts playing a key role,” he said.

Why This Matters

BozokMedia analysis shows that the infusion of ₹408 crore positions Third Wave Coffee as a formidable challenger to established café chains in India, accelerating the premium coffee wave in tier‑2 and tier‑3 cities while attracting further foreign and domestic private‑equity interest.

“India’s café market is poised for a double‑digit growth trajectory, and strategic capital like this is a catalyst for regional dominance.”
Did You Know?: Third Wave Coffee entered Kolkata in 2026 and, within two years, has already opened three cafés in the eastern market.

Frequently Asked Questions

Q1: What will the new funding primarily be used for?

A: The capital will be allocated to opening new cafés in untapped cities, increasing store density in existing high‑potential markets, and launching new product lines such as desserts.

Q2: Who are the main competitors of Third Wave Coffee?

A: Major competitors include Starbucks, Coffee Boy, and regional chains like Domino Coffee, though Third Wave’s premium positioning differentiates it.