About Third Wave Coffee
Third Wave Coffee is a Consumer company based in Bengaluru (India) founded in 2016 by Sushant Goel, Anirudh Sharma, and Ayush Bathwal. Restaurant chain serving coffee. Third Wave Coffee has raised $117.38 million across 13 funding rounds from investors including Angel List, WestBridge Capital and Nava Limited. The company has 1,464 employees. Third Wave Coffee was last valued at $114.99 million in June 2023. Its chief executive, as recorded, is Sushant Goel. Its website thirdwavecoffeeroasters.com draws about 143 thousand monthly visits. Its Indian entity Heisetasse Beverages Private Limited reported revenue of ₹285 Cr. Third Wave Coffee offers products and services including Easy Coffee Bags, Coffee Beans, Easy Cold Brew Bags, Merchandise, and Equipments. Its focus areas include Food and Agriculture, Food Service Chains, Restaurants and Limited Service. Its competitors include Cafe Coffee Day, Devyani International and Coffee Day Group; 3 of its 3 listed competitors have raised funding.
Company details
Third Wave Coffee was established in 2016 in Bengaluru, India, as a restaurant chain in the coffee sector. A range of coffee products is provided, including the El Diablo Blend, Signature South Indian Filter Coffee combining Arabica and Robusta beans with notes of caramel, milk chocolate, and roasted almonds, and Vienna Roast. Accessories and brewing equipment are also supplied to support coffee preparation. Operations are centered in urban Indian locations.
- Headquarters Bengaluru, India
- Employees 1,464
- Founders Sushant Goel, Anirudh Sharma, Ayush Bathwal
- Stage Minicorn
- SectorsConsumer
- Website category Food and Drink · Beverages
- Email••••••••
- Phone•••• ••••
- Website thirdwavecoffeeroasters.com
- Social LinkedIn X Facebook Instagram
- Legal Name Heisetasse Beverages Private Limited
- Date of Incorporation 18 May, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹285 Cr
FY 2025 · +15% YoY
- Net Loss-₹94.36 Cr
FY 2025 · -33% margin
- EBITDA-₹21.04 Cr
FY 2025 · -7% margin
- Total Equity Funding$117.38M (USD)
in 13 rounds
- Latest Funding Round$42.63M (USD), Series D
Aug 2026
- InvestorsAngel List
& 73 more
- Employee Count1,464
Associated legal entities of Third Wave Coffee
Third Wave Coffee operates through Heisetasse Beverages Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Heisetasse Beverages Private Limited CIN U15100KA2017PTC103079 | Active | 18 May 2017 | Bangalore, Karnataka | ₹285 Cr | 1,464 | 8 | View details |
Products & Services of Third Wave Coffee
Third Wave Coffee offers a comprehensive portfolio of products and services, including Easy Coffee Bags, Coffee Beans, Easy Cold Brew Bags, Merchandise, and Equipments.
Pre-packaged coffee for easy brewing without equipment.
Freshly roasted beans from various origins for home use.
Bags for simple cold brew coffee preparation at home.
Items like equipment and gifting options related to coffee.
Tools for brewing and enjoying specialty coffee experiences.
Funding Insights of Third Wave Coffee
Third Wave Coffee has successfully raised a total of $117.38M across 13 strategic funding rounds. The most recent funding activity was a Series D round of $42.63 million completed in August 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $117.38M
- Total Rounds 13
- Last Round Series D — $42.63M
- First Round $118,346
(Dec 2017)
- Investors Count 74
Latest 10 of 13 funding rounds of Third Wave Coffee with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2026 | $42.63M | Series D | – | WestBridge Capital | |
| Jun 2024 | $3.89M | Series C | – | Creaegis | |
| Jun 2024 | $3.9M | Series C | – | Creaegis | |
| Jun 2023 | $35M | Series C | $114.99M | Creaegis | |
| May 2022 | $21.58M | Series B | $77.99M | Milestone Trusteeship Services | |
| Mar 2022 | $982,035 | Series A | – | – | – |
| Jul 2021 | $6M | Series A | $••••• | Arpan Sheth, Ayyappan Rajagopal | |
| Apr 2021 | $612,576 | Seed | $••••• | Nbventures | |
| Jun 2020 | $722,722 | Seed | $••••• | Pratya Ventures | |
| Jan 2020 | $360,007 | Seed | $••••• | Sujeeth Kumar |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $114.99M | •••••••• |
| May 2022 | $77.99M | •••••••• |
| Jul 2021 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Jan 2020 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
Full valuation and stage history of Third Wave Coffee
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $114.99M (Jun 2023). 74 investors in total: 26 institutional and 48 angel.
Investors in Third Wave Coffee
Third Wave Coffee has secured backing from 74 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, WestBridge Capital and Nava Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial schemes and rights management under Creaegis. | 2018 | creaegis.in | Bengaluru, India | |
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology. | 2000 | westbridgecap.com | Quatre Bornes, Mauritius | |
Early-stage investments are targeted by Konark Trust venture capital firm. | konarktrust.tcc.mode | Bengaluru, India | ||
Venture capital is provided to multiple sectors by MMPL Trust. | mmpltrust.tcc.mode | Bengaluru, India | ||
Private equity fund focused on multiple sectors | additioncapital.com | London, United Kingdom | ||
Venture capital funding is provided to innovative startups in India. | qedinnovationlabs.tcc.mode | Mumbai, India | ||
Early-stage investment and support for technology companies. | 2013 | tracxnlabs.com | Bengaluru, India | |
Angel Network for Bengaluru based companies | 2015 | capierinvestments.com | Bengaluru, India | |
Venture capital firm investing in early-stage tech startups | metastudioadvisors.tcc.mode | Mumbai, India | ||
Venture capital firm focused on seed-stage investments | bloomventures.co.in |
Investor details for Third Wave Coffee
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Board of directors of Heisetasse Beverages Private Limited (Third Wave Coffee)
Heisetasse Beverages Private Limited is the primary company behind Third Wave Coffee. The board of Heisetasse Beverages Private Limited currently have 6 directors; the longest-serving is Anirudh Sharma, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anirudh Sharma DIN 03162094 | Director | 18 May 2017 | 9 yrs 5 mo | Heisetasse Beverages Private Limited |
| Ayush Bathwal DIN 07295994 | Director | 18 May 2017 | 9 yrs 5 mo | Heisetasse Beverages Private Limited |
| Goel Sushant DIN 07894632 | Director | 03 Oct 2017 | 9 yrs | Heisetasse Beverages Private Limited |
| Anshuman Khosla DIN 10270889 | Nominee Director | 17 Aug 2023 | 3 yrs 2 mo | Heisetasse Beverages Private Limited |
| Sujeet Kumar DIN 05244077 | Nominee Director | 17 Aug 2023 | 3 yrs 2 mo | Heisetasse Beverages Private Limited |
| Rajat Luthra DIN 11940763 | Additional Director | 11 Sep 2026 | 1 mo | Heisetasse Beverages Private Limited |
People of Third Wave Coffee
34 people are tracked at Third Wave Coffee (14 in leadership, 20 in team); the tracked headcount is 1,464.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Co-CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Varun Kapoor | Director - Operations | Leadership |
| Co-CEO | Leadership | |
Neelesh Bothra | Chief Financial Officer | Leadership |
Antony Ashily | Director Ops Excellence | Leadership |
Kriti Jalori | Director Business Finance | Leadership |
Vinita Sethi | Sr Director Supply Chain | Leadership |
Sarit Padhi | Director HR Business Partner | Leadership |
Vikram Sannuthi | Head Accounts And Treasury | Third Wave Coffee Roasters | Leadership |
Naman Negi | Deputy General Manager Business Development - Head North India | Leadership |
Pillai Hariharan | Head Of Operations | Leadership |
Rohit Wali | Operation Excellence & NSO Head Pan India | Leadership |
Eldho Kuriakose Rajan | Operations Excellence - MDM Executive | Team |
Monica Kithodya | Senior Manger | Team |
Ankit Gupta | Regional Manager | Team |
Dokkara Lohit | Assistant Manager-hr Systems And Analytics | Team |
Prateek Sahni | Store Manager | Team |
Vishu Kumar | Area Manager | Team |
14 more people are available in the full profile.
Complete people profiles for Third Wave Coffee
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- Professional contacts
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Financials of Third Wave Coffee
Figures of Heisetasse Beverages Private Limited, the primary company behind Third Wave Coffee, for FY 2025. Revenue was ₹285 Cr (+15% year on year). Net loss was -₹94.36 Cr (-33% margin). EBITDA was -₹21.04 Cr (-7% margin). Revenue has grown at a compounded annual rate of +107% over three years and +82% over five years.
- ₹285 CrRevenue · FY 2025 · +15% YoY
- -₹94.36 CrNet loss · -33% margin
- -₹21.04 CrEBITDA · -7% margin
- ₹2.96 CrPaid-up capital
- 1,464Employees (provident fund records)
- +107%Revenue CAGR, 3 years
- +82%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Heisetasse Beverages Private Limited are on its company page.
Detailed financial statements for Third Wave Coffee
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Third Wave Coffee
4 dated milestones of Third Wave Coffee across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Third Wave Coffee is founded.
- Funding First funding round of $118K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $42.6M.
Competitors of Third Wave Coffee
Third Wave Coffee has 3 listed competitors in our database, 3 of them funded. They include Cafe Coffee Day, Devyani International and Coffee Day Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cafecoffeeday.com | 1993 | Bengaluru, India | $236.07M | 3,370 | Coffee and related products are served by a restaurant chain. | |
| dil-rjcorp.com | 1991 | Delhi, India | $153.03M | 16,371 | Quick-service restaurants and food courts are developed and operated. | |
| coffeeday.com | 1993 | Bengaluru, India | $220M | 250 | Coffee Day Group is engaged in retail cafe and hospitality services. |
Detailed competitors of Third Wave Coffee
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Third Wave Coffee
The website of Third Wave Coffee (thirdwavecoffeeroasters.com) receives about 143.2K visits a month and ranks #366,606 among all websites worldwide, #12,958 in Beverages.
- Monthly visits143.2K
▲ 11.3% vs previous month
- Unique visitors54K
per month
- Global rank#366,606
among all websites
- Category rank#12,958
Food and Drink · Beverages
- Bounce rate55%
- Pages per visit1.6
- Average visit1 min 03 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with Third Wave Coffee. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cloud.mi-fi.com | cloud.mi-fi.com | 100% | #834,981 | – | |
| roasterycoffee.co.in | 97% | 24.1K | #1,892,206 | View details | |
| bluetokaicoffee.com | 94% | 498.5K | #121,008 | View details | |
| toffeecoffeeroasters.com | 85% | 50.2K | #550,834 | View details | |
| subko.coffee | 85% | 63.4K | #649,090 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 34 similar websites and full traffic analytics for Third Wave Coffee
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- 34 similar websites
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Top companies in Food Service Chains
2 companies that operate in the same segment as Third Wave Coffee (Food Service Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Coffee and related products are served by a restaurant chain. | 1993 | Bengaluru, Karnataka, India | USD 236.07 M | USD 110.67 M | 2,863 | |
Tea and snacks are served by Chaayos in limited-service restaurants. | 2012 | Delhi, Delhi, India | USD 94.23 M | USD 31.69 M | 2,075 |
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Related news about Third Wave Coffee
Complete news archive for Third Wave Coffee
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Articles about Third Wave Coffee on our blog
Frequently Asked Questions about Third Wave Coffee
Third Wave Coffee was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Third Wave Coffee is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sushant Goel is the CEO of Third Wave Coffee, as recorded in our data. They have also founded this company.
Third Wave Coffee is a funded company, having raised a total of $117.38M across 13 funding rounds to date. The company's 1st funding round was a Seed of $360.01K, raised on Dec 2017.
Third Wave Coffee has 1,464 employees.
The primary company behind Third Wave Coffee, Heisetasse Beverages Private Limited, reported revenue of ₹285 Cr for FY 2025, up 15% year on year.
Third Wave Coffee was established in 2016 in Bengaluru, India, as a restaurant chain in the coffee sector. A range of coffee products is provided, including the El Diablo Blend, Signature South Indian Filter Coffee combining Arabica and Robusta beans with notes of caramel, milk chocolate, and roasted almonds, and Vienna Roast. Accessories and brewing equipment are also supplied to support coffee preparation. Operations are centered in urban Indian locations.
Third Wave Coffee's top competitors include Cafe Coffee Day, Devyani International and Coffee Day Group.
Third Wave Coffee offers Easy Coffee Bags, Coffee Beans, Easy Cold Brew Bags, Merchandise, and Equipments.
Third Wave Coffee has 74 investors. Key investors include Angel List, WestBridge Capital, Nava Limited, Tracxn Labs, and Capier Investments.
The valuation of Third Wave Coffee is $114.99M as of Jun 2023.
Third Wave Coffee operates through Heisetasse Beverages Private Limited.