Bengaluru: Third Wave Coffee, a Bengaluru-based coffee chain that’s popular with the city’s startup community, is in advanced talks to raise its first institutional funding of around $20-25 million led by WestBridge Capital, sources aware of the matter said.

The quick service restaurant (QSR)-format coffee chain firm had raised $6 million in December 2021.Besides WestBridge Capital, existing backer Sujeet Kumar, cofounder of Udaan, is also investing more in this round, according to the people mentioned above. The company will use the new capital to double down on post-pandemic expansion across Mumbai, Delhi and other cities.

Third Wave Coffee Is Brewing New Funding Round Led By Westbridge

Third Wave Coffee Is Brewing New Funding Round Led By Westbridge

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