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Bengaluru-based coffee chain Third Wave Coffee has raised Rs 408 crore (43 million) in a funding round led by existing investor WestBridge Capital, with most of the capital coming through a primary issuance. The round also saw participation from existing investor Creaegis and other angel investors.  The new funding will support expansion in existing markets, increase presence in high-potential cities and accelerate its Third Rush Desserts segment, the company said in a press release. According to a Mint report, the latest round values Third Wave Coffee at around Rs 2,000 crore ($210 million), compared to Rs 1,200 crore (150 million) during the previous funding round. The company plans to enter nine new cities in the coming months, including Ludhiana, Jalandhar, Amritsar and Lucknow. It also plans to deepen its presence in tier II and tier III cities. Third Wave Coffee, founded in 2017 by Sushant Goel, Ayush Bathwal and Anirudh Sharma, operates cafes and sells products such as coffe...

Today, AI has redefined how businesses operate and is driving higher efficiency across industries.  With Guru, Swiggy has introduced an intuitive, AI-first assistant that redefines daily restaurant management, providing 24x7 support, faster query resolution, and actionable performance insights that help grow their business. This one-of-its-kind, AI Assistant is designed to empower Swiggy’s restaurant partners by enabling them to take data-driven decisions, optimise sales funnels, and resolve operational queries in seconds- all through an easy-to-use, single conversational chat. The interface is available in over 20 vernacular languages including Hindi, Kannada and Telugu. Additionally, it can enable restaurant partners to manage their ads and discount campaigns as well as view their payout annexures in detail, including tax reports, and payout summaries. With Guru, its restaurant partners have a 24x7 AI assistant that can help them with a variety of tasks and queries aimed at simpl...

EIH Limited, the flagship company of The Oberoi Group, has reported a 15 per cent year-on-year increase in consolidated revenue to Rs 698 crore for the first quarter ended June 30, 2026, supported by resilient domestic demand and sustained momentum in luxury travel. Consolidated EBITDA stood at Rs 208 crore, an increase of 6 per cent year-on-year, while Profit After Tax (PAT) was at Rs 120 crore. On a standalone basis, revenue increased 15 per cent year-on-year to Rs 658 crore, EBITDA rose 7 per cent to Rs 207 crore and PAT was Rs 127 crore. EIH Limited's Quarter 1 performance reflects sustained domestic demand and consistent deliver of exceptional hospitality.  EIH is also expanding its development pipeline with recent additions include The Oberoi Rajgarh Palace, Khajuraho and Naila Fort, an Oberoi Residence, Jaipur. During the quarter, the company added six hotels under management agreements. These include The Oberoi, Kabini, a 60-key luxury wildlife resort adjoining Nagarhole Na...

Pluxee India has announced its partnership with Tim Hortons India, bringing one of the world’s most loved coffee and quick-service restaurant brands to the Pluxee merchant network. Through this partnership, users will now be able to use their Pluxee Meal Card at all Tim Hortons outlets across cities in India.  Time Hortons collaboration with Pluxee enables millions of corporate consumers across India to seamlessly enjoy their favourite Tim Hortons beverages and food offerings using their employee benefits. This partnership strengthens accessibility, expands brands reach within the corporate community, and reinforces commitment to delivering great experiences.

Jubilant Foodworks has identified Popeyes as the emerging second growth engine while the efforts to drive time in traffic to Domino's is producing visible results. Dominos has reported a 6 percent rise in profits this quarter driven by growth in the core business and new store expansion. It is expected that the same store sales growth would improve substantially with time. The company is focused on reviving Domino's dine-in and takeaway sales which have lagged the strong delivery business.  Domino's has reported a strong like-for-like sales growth of 2.5 percent aiming to move to 5 to 7 percent over time. The company is focused on improving the average order value while balancing profitability and demand. On the other hand Popeyes has seen like-for-like sales growth increase by 40 percent with product innovation, differentiated flavours and strong execution on the store openings.  The company is increasingly diverting capital towards expanding Domino's and Popeyes outle...

There is a quieter, more meaningful shift underway, and it is happening in what people are drinking. Beverages are increasingly the reason people walk in, come back, and stay loyal to a brand. That is worth paying attention to. The traditional QSR visit was built around a meal, lunch, dinner, and a planned outing. Beverages fit into the day differently. They slip into the in-between moments, a mid-morning pause, a post-commute break, a late-evening craving. Low effort, accessible pricing, and high repeatability make them far more habit-forming than a typical meal visit.  India's QSR market is on its way to $87b by 2032. Most of the conversation around this growth focuses on food, new cuisines, regional menus, and delivery reach. Globally, 43% of speciality beverages are now bought as standalone purchases with no food attached. That number tells a simple story for a growing number of people: the drink is the whole point of the visit. Frequency is turning transaction into a habit In ...