Kathy’s Beverages, the company behind bubble tea and beverage brand Bobakat, has raised ₹6 crore in a pre-Series A funding round to accelerate expansion and strengthen its product portfolio.
The Mumbai-based startup said the fresh capital will be deployed towards product innovation, marketing, team expansion, and offline growth across India.
Founded in 2024 by Rupali Ambegaonkar and Sannjeev Rao, Bobakat operates in the fast growing bubble tea and youth focused beverage segment. The brand currently runs compact format outlets across food courts and high-street locations targeting urban consumers.
According to the company, Bobakat has already served more than 10 lakh consumers and is aiming to achieve ₹100 crore in net sales value over the next 36 months.
The startup is positioning itself around premium beverage experiences, combining quality-led products with curated in-store branding and scalable outlet formats.
The founders bring significant retail and consumer sector experience to the business. Before launching Bobakat, Dr Rupali Ambegaonkar founded Tea Culture of the World (TCW), which expanded to more than 200 stores across India.
Meanwhile, Rao has previously held leadership positions at companies including Future Group, Aditya Birla Retail, Landmark Dubai, Raymond, and Being Human.
The company believes India’s beverage market is poised for substantial expansion, projecting growth from $80 billion in 2025 to nearly $155 billion by 2035.
As part of its growth roadmap, Bobakat plans to open 35 stores during FY27, followed by 50 new stores annually over the next two financial years. The expansion strategy will focus on both metro cities and emerging urban markets.
The funding reflects rising investor interest in India’s organised café and premium beverage segment, especially among brands targeting Gen Z and millennial consumers with experiential retail formats.
Build smarter. Learn faster. Grow stronger with StartupByDoc.
Honasa Consumer CBO Yatish Bhargava Resigns Amid Growth Push