Hatti Kaapi News Today

Nikhil Kamath asserted that the Indian story- our history, royalty and craftsmanship- is already resonating globally. 

Following the funding, Subkos valuation has increased to $34 million. The startup said the newly raised capital will be utilised to strengthen the talent pool, develop tech-enabled customer experiences, conduct research and development for product design, among others.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The growing coffee consumption in India and falling cost of capital expenditure are driving venture capital interest in specialty coffee chains.

Referring to venture funds set up by Hollywood actors such as Ashton Kutcher, who invested in tech giants like Uber, Airbnb and Snap, Vijay Subramaniam, founder and group CEO of Collective Artists Network, said that the fund would look at connecting upcoming brands with its network of artists and creators that it manages.

The Bengaluru-based specialty coffee and food startup has been laying off employees over the past two days, with a fresh round schedule for today.

Third Wave confirmed the layoffs to ET in a statement, saying that it was a “one-time restructuring exercise to consolidate our teams”.

Third Wave Coffee: Third Wave confirmed the layoffs to ET in a statement, saying that it was a “one-time restructuring exercise to consolidate our teams”.

Employees across teams like tech, finance, marketing, business development and app were asked to let go.

The Bengaluru-based Third Wave said it will use the funds to expand globally, improve supply chain and invest in technology