About Third Wave Coffee
Third Wave Coffee is a company based in Bengaluru (India) founded in 2016 by Sushant Goel, Anirudh Sharma, and Ayush Bathwal.. Third Wave Coffee has raised $73.76 million across 11 funding rounds from investors including Angel List, WestBridge Capital and Nava Limited. The company has 1,464 employees as of December 16, 2024. Third Wave Coffee offers products and services including Easy Coffee Bags, Coffee Beans, Easy Cold Brew Bags, Merchandise, and Equipments. Third Wave Coffee operates in a competitive market with competitors including Starbucks, YUM! Brands, Cafe Coffee Day, Devyani International and The Coffee Bean & Tea Leaf, among others.
- Headquarter Bengaluru, India
- Employees 1464 as on 16 Dec, 2024
- Founders Sushant Goel, Anirudh Sharma, Ayush Bathwal
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Heisetasse Beverages Private Limited
- Date of Incorporation 18 May, 2017
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$28.96 M (USD)69.09as on Mar 31, 2024
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Net Profit
$-12.86 M (USD)-102.71as on Mar 31, 2024
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EBITDA
$-11.07 M (USD)-131.34as on Mar 31, 2024
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Total Equity Funding
$73.76 M (USD)
in 11 rounds
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Latest Funding Round
$3.9 M (USD), Series C
Jun 28, 2024
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Investors
Angel List
& 73 more
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Employee Count
1464
as on Dec 16, 2024
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Third Wave Coffee
Third Wave Coffee has successfully raised a total of $73.76M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $3.9 million completed in June 2024. 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 Total Funding
- Total Rounds 11
- Last Round Series C — $3.9M
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First Round
First Round
(22 Dec 2017)
- Investors Count 74
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series C - Third Wave Coffee | Valuation | Creaegis | |
| Jun, 2024 | Amount | Series C - Third Wave Coffee | Valuation | Creaegis | |
| Jun, 2023 | Amount | Series C - Third Wave Coffee | Valuation | Creaegis |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial schemes and rights management under Creaegis.
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Founded Year | Domain | Location | |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Konark Trust venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Third Wave Coffee
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Third Wave Coffee
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Third Wave Coffee Comparisons
Competitors of Third Wave Coffee
Third Wave Coffee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Starbucks, YUM! Brands, Cafe Coffee Day, Devyani International and The Coffee Bean & Tea Leaf, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality coffees are roasted and served in limited-service restaurant chains.
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| domain | founded_year | HQ Location |
Restaurants chains
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| domain | founded_year | HQ Location |
Coffee and related products are served by a restaurant chain.
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| domain | founded_year | HQ Location |
Quick-service restaurants and food courts are developed and operated.
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| domain | founded_year | HQ Location |
Specialty coffee and tea are retailed via cafe chains.
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| domain | founded_year | HQ Location |
Coffee Day Group is engaged in retail cafe and hospitality services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Third Wave Coffee
Frequently Asked Questions about Third Wave Coffee
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 Bengaluru, Karnataka, India.
Who is the current CEO of Third Wave Coffee?
Sushant Goel is the current CEO of Third Wave Coffee. They have also founded this company.
Is Third Wave Coffee a funded company?
Third Wave Coffee is a funded company, having raised a total of $73.76M across 11 funding rounds to date. The company's 1st funding round was a Series C of $35M, raised on Dec 22, 2017.
How many employees does Third Wave Coffee have?
As of Dec 16, 2024, the latest employee count at Third Wave Coffee is 1,464.
What is the annual revenue of Third Wave Coffee?
Annual revenue of Third Wave Coffee is $28.96M as on Mar 31, 2024.
What does Third Wave Coffee do?
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.
Who are the top competitors of Third Wave Coffee?
Third Wave Coffee's top competitors include Cafe Coffee Day, Starbucks and Devyani International.
What products or services does Third Wave Coffee offer?
Third Wave Coffee offers Easy Coffee Bags, Coffee Beans, Easy Cold Brew Bags, Merchandise, and Equipments.
Who are Third Wave Coffee's investors?
Third Wave Coffee has 74 investors. Key investors include Angel List, WestBridge Capital, Nava Limited, Tracxn Labs, and Capier Investments.
What is Third Wave Coffee's valuation?
The valuation of Third Wave Coffee is $114.99M as of Jun 2023.