Third Wave Coffee sees full-year sales surge but losses widen amid …

3 days ago · Bengaluru-based Third Wave Coffee has reported mixed full-year results with healthy revenue growth offset by heavy losses as the coffee chain ramps up growth plans. The …

CouponFollow Extension

67%
OFF

Third Wave Coffee Posts 67% Rise In FY24 Revenue, But Losses Double

6 days from now

2 days ago · Third Wave Coffee posted a 67% increase in operating revenue for the last financial year ended March 31, but the café chain’s loss nearly doubled because of a significant rise in …

indiatimes.com

67%
OFF

Third Wave Coffee Reports 67% Revenue Growth In FY24 But Sees …

6 days from now

2 days ago · Third Wave Coffee reported a 67% increase in revenue for the fiscal year 2024, reaching Rs 241 crore, up from Rs 144 crore. However, the company's net loss nearly doubled …

newsminimalist.com

356%
OFF

Third Wave Coffee’s FY23 Loss Nearly Quadruples To INR 55 Cr, …

6 days from now

Apr 26, 2024 · SUMMARY. The QSR coffee chain had reported a net loss of INR 14.6 Cr in FY22. Third Wave Coffee’s sales surged 356% to INR 144.4 Cr in FY23 from INR 31.7 Cr in the …

inc42.com

$35
OFF

Third Wave Coffee’s Scale Grows 4.5X To Rs 144 Cr In FY23 - Entrackr

6 days from now

Apr 25, 2024 · Towards the end of current fiscal year (FY24), Third Wave Coffee went through a tough phase as it laid off more than 100 employees soon after the $35 million fundraise. The …

entrackr.com

$35
OFF

India’s Third Wave Coffee Raises $35m In New Private Equity Round

6 days from now

Sep 29, 2023 · Third Wave Coffee sees full-year sales surge but losses widen amid dash for growth. 20 November 2024. India’s Blue Tokai Coffee Roasters seeking to nearly triple …

worldcoffeeportal.com

67%
OFF

Ferns N Petals Shows Revenue Surge While Third Wave Coffee …

6 days from now

3 days ago · Despite the rocky financial waters, Third Wave Coffee's revenue did see progress, increasing by nearly 67% to Rs 241 crore compared to Rs 144.4 crore the previous fiscal year. …

evrimagaci.org

$118
OFF

India’s Blue Tokai Coffee Roasters Seeking To Nearly Triple Revenues …

6 days from now

4 days ago · The 130-store specialty coffee group is targeting annual revenues of Rs 10bn ($118.5m) before a potential IPO bid ... with homegrown chains Third Wave Coffee, ... Third …

worldcoffeeportal.com

35%
OFF

Luckin Coffee Sees ‘positive Shift’ In Second Quarter Earnings After ...

6 days from now

Jul 30, 2024 · Luckin Coffee achieved 35% year-on-year sales growth in the three months ended 30 June 2024 to reach RMB 8.4bn ($1.1bn) – a 34% increase on the previous quarter. ...

worldcoffeeportal.com

8%
OFF

Thailand’s Café Amazon Sustains Robust Outlet Growth In Third …

6 days from now

Nov 12, 2024 · According to PTT OR sales data, Café Amazon sold 98 million cups of coffee in the third quarter and 299 million during 2024 so far – 8% higher than the first nine months of …

worldcoffeeportal.com

FAQs about Third Wave Coffee sees full-year sales surge but losses widen amid … Coupon?

Why did third wave coffee lose Rs 110 crore last fiscal?

Specialty coffee chain Third Wave Coffee saw its net losses grow more than two times (year-on-year) to Rs 110 crore last fiscal (FY24). The spike in net loss was due to excessive cash burn, especially on employee costs and rent for the company which is backed by Zerodha Co-founder and CEO, Nithin Kamath, among other investors. ...

How much did third wave coffee cost in FY23?

This cost surged 3.8X to Rs 58 crore in FY23 from Rs 15 crore in FY22. Third Wave Coffee’s costs of procurements (coffee and food materials), rent, legal, freight-logistics, marketing, and other overheads took its total expenditure to Rs 201 crore in FY23 from Rs 47 crore in FY22. ...

What is third wave coffee's enterprise value to revenue multiple?

As per Fintrackr’s estimates, its enterprise value to revenue multiple is 8.86X as of FY23. Towards the end of current fiscal year (FY24), Third Wave Coffee went through a tough phase as it laid off more than 100 employees soon after the $35 million fundraise. ...

What happened to third wave coffee?

Towards the end of current fiscal year (FY24), Third Wave Coffee went through a tough phase as it laid off more than 100 employees soon after the $35 million fundraise. The company’s chief executive Sushant Goel also moved to a board role and Rajat Luthra, former head of KFC India and Nepal, was appointed as the new CEO. ...

Who owns third wave coffee?

Coffee chain firm Third Wave Coffee secured $35 million led by homegrown private equity firm Creaegis in September last year. Coffee chain firm Third Wave Coffee secured $35 million led by homegrown private equity firm Creaegis in September last year. The funding was followed by its notable growth in scale during FY23. ...

How much money did third wave coffee raise in 2023?

In September 2023, Bengaluru-based Third Wave Coffee raised $35m in a new private equity round led by Creaegis. The following month, small-format operator abCoffee raised $2m seed funding to accelerate the roll-out of its quick-service, on-the-go concept, before receiving a further $3.4m in March 2024 to continue building its 65-store network. ...