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Third Wave Coffee closes in on $80-100M round at up to $500M valuation
Our read
Consolidation window opens as Third Wave gets war chest to outspend Blue Tokai and Subko—mid-tier specialty coffee brands should explore strategic talks now before the gap widens.
The report,
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.
Reported figures
From the report. Source details below
| FY25 revenue | ₹268.6 crore |
|---|---|
| Indian coffee market $1.2 billion | 2023 |
Also in the report
- $155 million prior valuation
Other figures
- FY25 loss ₹94.4 crore
- FY24 loss ₹152.4 crore
- CAGR 15-20%
The source
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