Third Wave Coffee nears $80-100M raise at up to $500M valuation, tripling prior mark
WestBridge and Creaegis are doubling down on Third Wave Coffee with an $80-100M round at a $400-500M valuation, up from $155M. Capital fuels pan-India café rollout across Bengaluru, Delhi, Mumbai, Pune and Hyderabad as FY25 revenue rose to ₹268.6 cr and losses narrowed to ₹94.4 cr from ₹152.4 cr.
What happened
Third Wave Coffee is close to raising $80-100 million from existing backers WestBridge and Creaegis at a $400-500 million valuation, fueling pan-India café
Key facts
- $80-100 million round
- $400-500 million valuation
- $155 million prior valuation
- FY25 revenue ₹268.6 cr
- FY25 loss ₹94.4 cr
- FY24 loss ₹152.4 cr
- Indian coffee market $1.2bn (2023)
Why this matters
With WestBridge and Creaegis anchoring an $80-100M insider-led round, the specialty café category is consolidating around two or three funded challengers — partnership and acquisition windows narrow from here.