Boba Bhai Secures $4.3 Million in Funding for Expansion

Quick service restaurant chain Boba Bhai has successfully obtained $4.3 million (approximately Rs 40 crore) in a funding round supported by its current investors, including 8i Ventures, Titan Capital Winners Fund, and Global Growth Capital. The funding round also saw involvement from Big Capital and various angel investors.

The Bengaluru-based startup previously raised Rs 30 crore (around $3.4 million) in its Series A funding round led by 8i Ventures in January of the previous year, as well as Rs 12.5 crore in a seed funding round spearheaded by Titan Capital and Global Growth Capital UK.

The company announced in a press release that the new funds will be utilised to enhance store expansion, bolster its leadership team, and introduce new products.

About Boba Bhai

Launched in 2023 by Dhruv Kohli, Boba Bhai focuses on Korean-inspired fusion cuisine and bubble tea. The enterprise operates several outlets and cloud kitchens, with ambitions to expand to 300 stores by 2026, boasting a menu that includes gochujang burgers, K-pop-themed dishes, and a range of packaged beverages.

Product Offerings and Services

Boba Bhai features more than 45 bubble tea flavours, alongside Korean-style burgers, Korean fried chicken, rice and noodle bowls, as well as fries. The brand runs a combination of physical stores and high-volume delivery through platforms such as Swiggy, Zomato, and Blinkit.

The brand has indicated a growth rate of around 40–50% month-on-month in quick commerce and plans to expand its presence across various platforms while venturing into more cities. Furthermore, Boba Bhai aims to achieve an annual recurring revenue (ARR) of over Rs 100 crore in the forthcoming two months.

According to Boba Bhai’s reports, the company recorded revenue of Rs 5 crore in FY24, which escalated to Rs 30 crore in FY25. Presently, the brand maintains 90 outlets nationwide, with about 55 outlets providing seating options while the remaining serve as delivery hubs.