Services India Market By industry Case Studies Trade Shows Insights News Company Download Materials

Third Wave Coffee | A specialty coffee chain out of Bengaluru

2026.03.26

Article summary

Third Wave Coffee is a specialty coffee chain founded in Bengaluru in 2016. Its co-founders are Anirudh Sharma, Ayush Bathwal and Sushant Goel. Operating revenue for FY2025 (fiscal year ended March 2025) was ₹268.6 crore (1 crore = 10 million rupees), up 11% year on year, with about 1,080 employees. In August 2026 it raised ₹408 crore in a round led by WestBridge Capital, taking cumulative funding past 100 million dollars.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Third Wave Coffee is a specialty coffee chain that opened its first store in Bengaluru in 2016. It buys beans from growing regions within India, roasts them itself, and serves them in its cafés.

Company profile

Item	Details
Legal name	Heisetasse Beverages Private Limited (brand name Third Wave Coffee)
Year founded	2016
Headquarters	Bengaluru (Karnataka)
Co-founders	Anirudh Sharma, Ayush Bathwal, Sushant Goel
Revenue (operating revenue)	₹268.6 crore (FY2025 = fiscal year ended March 2025 / up 11% from ₹241.3 crore the year before). Total income was ₹285.2 crore
Employees	About 1,080 people
Total funding raised	About 105 million dollars (4 rounds. Most recently August 2026)
Listing	Unlisted
Official website	thirdwavecoffeeroasters.com

Business and strengths

India is one of the world's major coffee producing countries, yet most domestic consumption has been instant coffee and south Indian filter coffee. Third Wave uses domestic arabica beans and has been one of the players spreading the habit of choosing beans among young urban consumers.

Its outlets are concentrated in malls and office districts, and the seating is designed for people to stay, making the café itself the destination.

Recent developments

Operating revenue for FY2025 (fiscal year ended March 2025) was ₹268.6 crore, up 11% from ₹241.3 crore the year before. In August 2026 it raised ₹408 crore in a round led by WestBridge Capital, taking cumulative funding past 100 million dollars.

Points for Japanese companies

As a roaster accustomed to handling Indian arabica, it can also be a counterpart on the raw material side. For a Japanese coffee company handling Indian beans, looking at operators that roast domestically, not only at exporters, makes it easier to align on quality standards.