Boba Bhai secures Rs 30Cr in series A funding led by 8i Ventures

The capital will be utilised to expand the brand’s presence to new cities

Boba Bhai, India’s fastest-growing Boba tea and Korean fusion food brand, announced that it has raised Rs 30 crore in its Series A funding round. The round was led by 8i Ventures, with participation from Titan Capital Winners Fund, Global Growth Capital, DEVC and existing investors. This funding is a testament to Boba Bhai’s rapid growth and market leadership since its launch in October 2023.

The capital will be utilised to expand the brand’s presence to new cities, scale operations in existing markets, introduce innovative menu offerings and look at new sub-brands tailored to evolving consumer tastes. Additionally, Boba Bhai aims to strengthen its operational capabilities and deliver enhanced customer experiences across its locations.

Speaking on the funding round, Dhruv Kohli, Founder and CEO, Boba Bhai, said, “This investment marks a pivotal milestone in our journey to gain more market share in Bubble Tea and build the world’s largest Bubble Tea and K-pop QSR Chain from India. Over the past nine months, we’ve witnessed incredible growth, driven by our commitment to innovation, quality, and customer satisfaction. With the strategic backing of our investors, we are well-positioned to scale our operations, introduce exciting new offerings, and establish Boba Bhai as the go-to QSR brand for the next generation of Indian consumers.”