Third Wave Coffee, India’s Quick Service Restaurant specializing in premium coffee, has revealed a significant change in its leadership structure. Sushant Goel, who has served as the Chief Executive Officer, will now transition to a new role as a member of the Board. Concurrently, the company has appointed Rajat Luthra as the new CEO, effective from the first quarter of the fiscal year 2024-2025.
Sushant will continue to contribute towards the growth and development of the rapidly expanding Indian coffee brand. Rajat Luthra, former CEO of KFC- India & Nepal, will assume the position of CEO bringing in his extensive experience to lead Third Wave Coffee into its next phase of success.
Commenting on this development, Sushant Goel, Co-founder & CEO, Third Wave Coffee, said, “As CEO and Co-founder, I have had the privilege of leading the company through its formative years and I am incredibly proud of the journey that we have embarked on. The brand is ready to embark on its next leg of growth. Now, as I transition to the Board, I am excited to continue contributing towards our vision and growth from a different vantage point. Rajat is a veteran in the QSR industry, and I am filled with optimism about what the future holds for Third Wave Coffee under his stewardship.”
Third Wave Coffee has been growing rapidly since 2016, from being a roastery with a single store in Koramangala to currently having over 100 stores across 8 cities in the country. In a short period, the company has become one of the leading coffee brands in India, directly competing with global players in the coffee space. Recently, the company has raised US$ 35 million in Series C funding from Creaegis and existing investor WestBridge Capital.
