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.
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 expansion as losses narrow and revenue grows.