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Funding · Commerce & Consumer Brands

Kathy's Beverages Pvt Ltd raises INR 6 crore in pre-series A funding for nationwide expansion of its bubble tea brand Bobakat

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Kathy's Beverages Pvt Ltd logo
Date
Company
Kathy's Beverages Pvt Ltd
What it does
bubble tea and beverage brand
Kind
Funding
Amount
INR 6 crore (approx USD 638,000)
Stage
Pre-Series A
Based in
Mumbai
Founded
2024
Sector
Commerce & Consumer Brands

What they do

Kathy's Beverages Pvt Ltd is the parent company of the bubble tea and beverage brand Bobakat, which targets India's urban youth with a global experience…

What happened

The company raised INR 6 crore (approximately USD 638,000) in a pre-series A funding round to expand its retail network, innovate products, and strengthen…

Why it matters

Bobakat has served over 10 lakh consumers, is growing at double-digit year-on-year rates, and is currently valued at INR 43 crore, with a target of INR 100…

The details

  • Kathy's Beverages Pvt Ltd raised INR 6 crore in a pre-series A funding round to expand its bubble tea and beverage brand Bobakat nationwide.
  • Bobakat operates compact, experience-first outlets in high-footfall food courts and premium high streets, delivering strong unit economics.
  • Dr. Rupali Ambegaonkar and Sannjeev Rao co-founded the company in 2024 with the vision of creating a culturally relevant beverage brand that combines quality, innovation, and accessibility.
  • Bobakat has served over 10 lakh consumers, is growing at double-digit year-on-year rates, and is currently valued at INR 43 crore.
  • The company's expansion plan includes opening 35 new stores in FY26-27, followed by 50 stores each in FY27-28 and FY28-29, targeting metro cities and high-growth urban markets.

The bigger picture

  • India's beverage market is valued at USD 80.11 billion in 2025 and is expected to grow at a CAGR of 6.80% to reach USD 154.67 billion by 2035.
  • Bobakat's differentiation lies in its quality-first product approach, sharp audience positioning, curated in-store experience, and scalable retail model.
  • The founding team brings category expertise and retail execution experience from brands like Tea Culture of the World (TCW) and Future Group.

About the business

  • Bobakat is a bubble tea and beverage brand targeting India's urban youth with a global experience adapted to local preferences.
  • The brand operates compact, experience-first outlets in high-footfall food courts and premium high streets, offering a differentiated beverage experience.
  • The company's growth is driven by strong unit economics, with a capital-efficient expansion plan focused on store replication.
  • Bobakat's target is to achieve INR 100 crore in net sales within 36 months, backed by a clear expansion roadmap.
  • The brand has served over 10 lakh consumers and is recording double-digit year-on-year growth.

What happens next

  • Bobakat plans to open 35 new stores in FY26-27, followed by 50 stores each in FY27-28 and FY28-29.
  • The company aims to achieve INR 100 crore in net sales within 36 months, backed by a clear, capital-efficient expansion plan.
  • The brand will focus on expanding its store network, building stronger consumer recall, and creating a differentiated beverage experience.

The deal

Type
funding

Founders

  • Dr. Rupali Ambegaonkar, co-founder
  • Sannjeev Rao, co-founder

About Kathy's Beverages Pvt Ltd

Product
Bubble tea and specialty beverages sold through compact-format retail locations
Customers
Urban consumers seeking premium bubble tea and experiential beverage experiences
How it makes money
Direct-to-consumer retail with compact outlets in food courts and high streets

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