Bobakat Parent Kathy’s Beverages Secures Rs 6 Cr in Pre-Series A Round
Bobakat operates compact beverage outlets across food courts and high-street locations, offering bubble tea and specialty drinks to urban consumers.
Kathy’s Beverages has raised Rs 6 crore in a pre-Series A round to scale its bubble tea and beverage brand Bobakat.
The company said the fresh capital will be utilised for product innovation, team expansion, marketing initiatives, and offline retail expansion across India.
Founded in 2024 by Dr. Rupali Ambegaonkar and Sannjeev Rao, Bobakat operates compact-format beverage outlets across food courts and high-street locations, targeting urban consumers with bubble tea and specialty beverage offerings.
The startup claims to have served more than 10 lakh customers so far and is aiming to achieve Rs 100 crore in net sales value over the next 36 months.
Bobakat’s expansion strategy focuses on scalable store formats, curated in-store experiences, and audience-led branding as it looks to strengthen its footprint in India’s fast-growing beverage segment.
Dr. Rupali Ambegaonkar previously founded Tea Culture of the World (TCW), a tea retail chain that expanded to over 200 stores across the country. Co-founder Sannjeev Rao brings retail and consumer business experience from companies including Future Group, Aditya Birla Retail, Landmark Dubai, Raymond, and Being Human.
The company plans to launch 35 stores during FY27, followed by an additional 50 stores annually over the next two financial years across metro cities and emerging urban markets.
According to industry estimates cited by the company, India’s beverage market is projected to expand from nearly $80 billion in 2025 to approximately $155 billion by 2035, creating growth opportunities for new-age beverage brands and experiential retail formats.