Third Wave Coffee to add 100 cafés, eyes FY27 break-even as it pushes into East India
The Bengaluru-based chain will scale from 220+ to over 320 COCO outlets this fiscal, with 60-70% of additions in existing strongholds like Bengaluru, Delhi NCR and Mumbai, and 30-40% in new East India markets including Kolkata, Guwahati, Patna and Bhubaneswar. 90% of stores are EBITDA-positive.
Third Wave Coffee plans 100 new COCO cafés this fiscal and targets company-level break-even in FY27. The Bengaluru chain is entering East India via Kolkata, Guwahati, Ranchi, Patna, Bhubaneswar, with 90% of its 220+ stores EBITDA-positive.
Why this matters
Expansion plan follows Third Wave Coffee closing in on an $80-100M raise at up to a $500M valuation, tripling its prior mark and funding the East India push.
Store-opening activity steady with 203 signals in last 90 days across retail.