Third Wave Coffee posts 67% rise in FY24 revenue, but losses double
The Bengaluru-based company posted a net loss of Rs 110 crore for fiscal 2024, compared with Rs 54 crore the year before, according to its financial statements sourced from Tofler. Operating revenue rose to Rs 241 crore from Rs 144 crore.
Total expenses increased to Rs 358 crore from Rs 201 crore. The company spent Rs 97 crore on employee benefits and Rs 88 crore on cost of materials.
The firm had laid off more than 100 employees in December last year after raising $35 million in a funding round led by private equity firm Creaegis in September 2023. It has so far raised $66 million, as per data intelligence platform Tracxn.
The WestBridge Capital-backed company spent Rs 12 crore on selling and marketing in FY24 as compared to Rs 2 crore the prior year. Rent costs surged 88% to Rs 81 crore.
Office Productivity
Microsoft Word Mastery: From Beginner to Expert
By — CA Raj K Agrawal, Chartered Accountant
Web Development
JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Tabnine AI Masterclass: Optimize Your Coding Efficiency
By — Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity
Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis
By — Metla Sudha Sekhar, IT Specialist and Developer
Leadership
Crafting a Powerful Startup Value Proposition
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Web Development
Advanced C++ Mastery: OOPs and Template Techniques
By — Metla Sudha
