Third Wave Coffee Secures $35M in Series C Funding Round
- ByStartupStory | September 29, 2023
QSR coffee and food brand Third Wave Coffee has successfully raised $35 million in a Series C funding round. The investment was led by Creaegis, with participation from existing investors. This funding will play a pivotal role in the company’s expansion, supply chain enhancement, capability strengthening, and technological investments.
Third Wave Coffee, founded in 2017 by Ayush Bathwal, Anirudh Sharma, and Sushant Goel, has experienced remarkable growth over the past year, expanding its presence with over 100 stores across the nation.
Sushant Goel, Co-founder, and CEO of Third Wave Coffee, expressed his optimism, stating, “We believe that the coffee-first QSR industry is one of the fastest-growing consumer categories in the country. We have grown 5x through the last year and expanded our footprint across the nation. Going forward, we will continue to double down on technology and product innovation.”
The company’s strategy aligns with a digital-first approach, focusing on building an iconic Indian brand. Prakash Parthasarathy, Managing Partner & CEO, and Nitish Bandi, Partner at Creaegis, expressed their excitement in supporting Third Wave Coffee’s management team in their next phase of growth.
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