Third Wave Coffee raises ₹408 crore in round led by WestBridge Capital
The coffee chain plans to expand its cafe network and food offering after a transaction combining primary investment and secondary share sales.
Third Wave Coffee announced a ₹408 crore funding transaction on 24 August 2026, led by existing investor WestBridge Capital, with Creaegis and angel investors also participating. The transaction included both new investment and purchases of existing shares.
The company plans to expand into new markets, increase store density and develop food, beverage and dessert offerings. CEO Rajat Luthra said the chain operated more than 240 cafes and aimed to reach 320 by the end of the 2026–27 financial year.
Its expansion includes the Third Rush Desserts offering alongside coffee, non-coffee drinks and all-day menus. WestBridge’s participation extends its existing investment relationship with the Bengaluru-founded business.
Use of funds
Expand the cafe network across India
Increase store density
Develop food, beverage and dessert offerings