Few food trends have taken the global stage like Boba. This week’s startup is helping bring boba to the masses through robotics.
⚾ The Elevator Pitch:
Few food trends of this decade have made their mark like Boba. It’s a hit on a global scale and is expected to double its popularity in the coming years. Despite its popularity, the Boba market in the US is still relatively untapped due to its high cost associated with operating and management of physical stores.
Bobacino is designed to make high-quality boba more accessible, keeping the cost low for the next generation of boba consumers. Bobacino’s technology aims to deliver the delicacy in just a few seconds. Advantages include a new way to deliver to the masses, capital for small business owners to expand their business, and a sleek and stylish experience.
👇 The Drop Down
Site: https://www.bobacino.co/
Founded: 2020
Stage: Pre-Seed
Tech trend: Robotics, FoodTech
Traction: $700K+ Investments on StartEngine
Team - Venture Fellows, Designers, & Engineers
Darian Ahler (CEO)
Timeline - Current round closes on Oct. 29. Invest today!
🔍 Why we like it
- 💸 High quality, low cost, and high profit
The operational cost of running a boba shop is surprising. While most coffee shops would require about 10 employees, Bobacino can do with just one - And that’s not even a full-time job - anyone can do this part-time. With Bobacino, it is estimated that the profit margin will increase by up to 31% compared to the 4% of the regular coffee shops. That’s a lot of money you can save. - 📈 Scalable Business opportunity
By removing the expensive overhead of labor and real estate costs, the boba machines are designed to operate in most areas to deliver high-quality and affordable boba. It also has a low startup cost. While running a traditional coffee shop requires an investment of $200K-$400K, Bobacino only costs $50,000. Plus in case of a downside, you can easily shift your machine from one place to another. Darian Ahler, Co-founder of Bobacino says that “this business model will definitely bring new opportunities to small businesses”. - 🔥 Huge Untapped Market
Despite its worldwide growth, bubble tea remains hard to find in many areas of the US. Sure you can find this in most coffee shops, but there often isn’t a dedicated boba shop that serves specialized flavors. Primary due to high cost and building operation, this business model has been on the push-back by many investors. Bobacino believes that only 20% of the US boba consumer market is covered, and the rest are still relying on coffee shops. By offering a scalable and innovative boba shop experience, Bobacino can easily build goodwill and community.
🚀 You’ve read about them, but are you ready to invest?
Bobacino is closing their current round on Oct. 29 and is planning to use future funds for fueling expansion. If you’re interested in investing or want to learn more, navigate to their StartEngine campaign.
🤝 Get involved with Bobacino
- Download their Press Release Media Kit
- Invest in the Bobacino venture
- They are hiring! Visit their Career page to know more
