AB Akola Group invests in Lithuanian beverage startup

AB Akola Group will acquire a minority stake in the startup and a seat on its board

AB Akola Group signed an agreement with OMG Bubble Tea, UAB, a fast-growing popular beverage startup, for an investment of EUR 1.9 million. AB Akola Group will acquire a minority stake in the startup and a seat on its board.

Founded in 2022, OMG Bubble Tea, UAB is a fast-growing producer of natural bubble tea, exporting around 95 per cent of its production to France, Germany, Great Britain, Austria, and other countries. The company has 143 employees and a production unit in Panevėžys.

“OMG Bubble Tea is a growing startup that has increased production and revenue several times over the year. The management and the team are energetic, the production processes are being fine-tuned, and the sales progress has been made for further successful expansion. In 2024 and 2025, exponential growth is foreseen for the startup – measuring in times, not in percentage. The global bubble tea market size was valued at 3 billion US dollars in 2022 and is projected by experts to grow by 6.3 per cent annually until 2032, while the European market will grow by 8 per cent annually. Therefore, the startup’s outlook is promising,” says Mažvydas Šileika, Chief Financial Officer of AB Akola Group.

He said the investment will allow the startup to expand at an even faster pace, while the AB Akola Group’s seat on the company’s board will strengthen its governance.

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