Boba Bhai Secures ₹30 Crore in Series A Funding to Expand Nationwide Presence

Boba Bhai, a leading boba tea and Korean fusion food brand, has announced the successful closure of a ₹30 crore Series A funding round led by 8i Ventures. The round also saw significant participation from Titan Capital Winners Fund, Global Growth Capital, DEVC, and existing investors.

The funding will be instrumental in driving Boba Bhai’s expansion into new cities while scaling operations in its current markets. Additionally, the company plans to innovate its menu with exciting offerings and explore sub-brands tailored to India’s evolving consumer preferences.

With a strong foothold in nine cities, Boba Bhai processes over 80,000 monthly orders, showcasing the brand’s growing popularity. The funding will also support the nationwide rollout of its Korean-inspired ice cream range, which is currently available in select Bengaluru outlets.

“We are thrilled to have the strategic backing of our investors, which positions us to scale operations, introduce innovative offerings, and establish Boba Bhai as the preferred QSR brand for India’s next generation,” said Dhruv Kohli, Founder and CEO of Boba Bhai.

Vishwanath V, General Partner at 8i Ventures, shared his enthusiasm for the partnership, stating, “Boba Bhai is the clear market leader in the bubble tea category and a beloved brand among Gen Z consumers in India. The velocity and operational excellence of Dhruv’s team are impressive, and we are excited to be a part of their journey.”

Founded in October 2023, Boba Bhai has quickly carved a niche in the fast-growing QSR space. With its unique blend of boba tea and Korean fusion cuisine, the company continues to captivate the taste buds of Indian consumers while setting new benchmarks in the industry.