Bengaluru-based Third Wave Coffee eyes 300 stores by FY23

PTI | New Delhi | Updated: 23-11-2021 16:07 IST | Created: 23-11-2021 16:07 IST
Bengaluru-based Third Wave Coffee eyes 300 stores by FY23
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Bengaluru-based cafe chain Third Wave Coffee on Tuesday said it is planning to expand to over 300 stores in 20 cities by 2022-23.

Currently, the brand clocks a total of 21 cafes in India — 18 in Bengaluru and three in Delhi and Gurgaon, the company said in a statement.

Third Wave Coffee founder Sushant Goel said, ''With most youngsters falling in the high-disposable income group that consumes premium brands more frequently, we see a huge demand for a superior, responsibly sourced and authentic product like Third Wave Coffee that also offers a unique experience to coffee lovers. We aim to serve our exclusive blends in over 300 cafes across 20 cities by FY23.'' All the 300 stores will be company-operated and funded through equity and non-equity means, he stated.

''We have raised equity and non-equity capital of USD 10 million and continue to work closely with investors to raise more capital for further expansion,'' Goel added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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