Third Wave Coffee closes in on $80-100M round at up to $500M valuation
WestBridge and Creaegis are doubling down on Third Wave Coffee with an $80-100M round at a $400-500M valuation, roughly 2.5-3x its prior $155M mark. Capital funds pan-India café expansion against Blue Tokai, Starbucks and Subko as FY25 revenue hit ₹268.6 cr and losses narrowed to ₹94.4 cr from ₹152.4 cr.
What happened
Third Wave Coffee is closing an $80-100 million round led by existing backers WestBridge and Creaegis at a $400-500 million valuation, funding pan-India café
Key facts
- $80-100 million round
- $400-500 million valuation
- $155 million prior valuation
- FY25 revenue ₹268.6 crore
- FY25 loss ₹94.4 crore
- FY24 loss ₹152.4 crore
- Indian coffee market $1.2 billion 2023
- CAGR 15-20%
Why this matters
Consolidation window opens as Third Wave gets war chest to outspend Blue Tokai and Subko—mid-tier specialty coffee brands should explore strategic talks now before the gap widens.