Mumbai-based bubble tea brand Bobakat has raised ₹6 crore (US$700,000) in a Pre-Series A funding round.
The company will use the new funds to launch new products, hire more people, increase marketing activities, and expand its offline presence across India.
Bobakat currently operates small outlets in food courts and popular high-street locations.
“The Indian consumer today is seeking more than just beverages; they are looking for experiences, community spaces and global formats adapted for local preferences,” said Dr. Rupali Ambegaonkar, Founder of Bobakat. “With Bobakat, our vision has always been to build a culturally relevant beverage brand that combines quality, innovation and accessibility.”
Co-founder Sannjeev Rao added that India’s organised beverage ecosystem still has significant whitespace, especially in categories driven by younger consumers and social consumption behaviours.
Founded in 2024 by Dr. Rupali Ambegaonkar and retail veteran Sannjeev Rao under Kathy’s Beverages Pvt Ltd, Bobakat reflects a new trend in India’s tea culture, where tea is becoming more than just an everyday drink. It is now connected with lifestyle, identity, and social experiences.
The company has already served more than 10 lakh customers and is growing strongly every year. Bobakat is currently valued at ₹43 crore.
The brand plans to achieve ₹100 crore in net sales over the next 36 months by expanding in a cost-effective way.
Bobakat’s growth also shows a larger shift in India’s tea market. Bubble tea, matcha, fusion drinks, and modern café-style tea brands are changing how people enjoy tea, making it more stylish and social.
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