Founder · Third Wave Coffee

Ayush Bathwal

Co-founder of Third Wave Coffee, a f&b company based in Bengaluru.

Co-founderBengaluruF&B
Founded
2017
Bengaluru, India
Raised to date
$99M
3 rounds on record
Latest round
Growth round
$43M · Aug 2026
Team
1001–5000
Heisetasse Beverages Private Limited

About

Ayush Bathwal is Co-founder of Third Wave Coffee, a f&b company based in Bengaluru, founded in 2017. Third Wave Coffee's most recent disclosed round was a funding round of $43M in Aug 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2017
Third Wave Coffee
F&B · Bengaluru · 1001–5000 people · Active

Bengaluru-based specialty coffee chain part of India's third-wave coffee movement. Third Wave Coffee operates cafes across cities including Bengaluru, Delhi, Pune, Mumbai and Hyderabad, and sells packaged products such as single-origin coffee beans and cold brew bags, alongside its Third Rush Desserts segment. Founded in 2017 by Sushant Goel, Ayush Bathwal and Anirudh Sharma.

Funding
Aug 2026Growth round$43MWestBridge Capital, Creaegis
Sep 2023Series C$35MCreaegis, WestBridge Capital
2022Series B$21MWestBridge Capital
Company profile →3 rounds on record

Journey with Third Wave Coffee

2 milestones
  1. 2017Founded

    Third Wave Coffee founded in Bengaluru by Sushant Goel, Ayush Bathwal and Anirudh Sharma, opening its first cafe in Koramangala. Read the story →

  2. Mar 2024Milestone

    Co-founder and CEO Sushant Goel stepped down from the CEO role and moved to the board; Rajat Luthra, former CEO of KFC India and Nepal, was appointed CEO.

Also building Third Wave Coffee

SGSushant GoelCo-founder→ASAnirudh SharmaCo-founder→

Coverage

1 story
Funding · 24 Aug 2026 · 6 min read
Third Wave Coffee Raises ₹408 Crore Led by WestBridge Capital to Fund Expansion and Dessert Push