Third Wave Coffee has raised ₹408 crore from existing investors Westbridge Capital and Creaegis as it plans to expand its footprint across India. The Bengaluru-based café chain currently operates around 240 outlets and aims to increase this to 320 stores by the end of fiscal year 2027, with a longer-term target of 400-500 stores, according to livemint.com.
The funding round involved participation from Westbridge Capital and Creaegis, both existing investors in Third Wave Coffee. The company intends to use the fresh capital to enter smaller cities beyond its current urban presence and to develop new food and beverage categories. This strategic expansion is part of the company’s broader growth plan to capture a larger share of the Indian café market.
Third Wave Coffee’s latest fundraise comes amid a growing café culture in India, where rising disposable incomes and evolving consumer preferences have driven demand for premium coffee experiences. The company’s expansion aligns with trends seen in comparable players such as Starbucks and Café Coffee Day, which have also been increasing their store counts and diversifying offerings to capture emerging markets.
Third Wave Coffee’s goal to reach 320 stores by the end of FY27 and eventually 400-500 stores reflects its aggressive growth strategy. The company’s ability to secure ₹408 crore from established investors underscores confidence in its business model and market potential, as reported by livemint.com.