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VCGuy

Stealth • 7m

Yesterday, Third Wave Coffee announced plans to open an 50 more stores. ⏩Lead Investors include: WestBridge Cap., Creaegis, Redbrook. ⏩Total Funding: $62 M, Last round- Series C: $35 M At present, Third Wave Coffee has 107 stores. Blue Tokai Coffee Roasters and TWC are seemingly at very similar positions - - Both have around the same store count (between 100-110). - Similar Revenue figures: (a). TWC - ₹146.62 Cr Rev, -₹54.32 Cr Loss. (b). BTCR - ₹128.72 Cr Rev, -₹42.98 Cr Loss. - Rapid Expansion seems to be on everyone's roadmap: (a). Starbucks adding a store every 3 days. (b). TWC to open 50 more and BTCR aiming at 200. - Anticipate more funding rounds from both start-ups this year. 🔀I'm a regular consumer of both - Super Coffees!

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Third wave coffee is in deep trouble with less than a year of runaway. Do you think this coffee tech startup will survive ?

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