Boba Bhai Secures INR 30 Cr in Series A Funding Led by 8i Ventures The fresh Funding will fuel Boba Bhai's rapid expansion, innovative menu offerings and strengthen its operational capabilities.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Dhruv Kohli, Founder and CEO of Boba Bhai

Boba Bhai, a quick-service restaurant (QSR) brand specialising in bubble tea and fusion food, has raised INR 30 crore (approximately USD 3.4 million) in its Series A funding round. The round was led by 8i Ventures, with participation from existing investors Titan Capital Winners Fund, Global Growth Capital, and DEVC.

This funding marks a significant step for the startup, which had previously raised INR 12.5 crore in its seed round in April last year, led by Titan Capital and Global Growth Capital UK.

The newly secured capital will fuel the brand's expansion into new cities, strengthen operations in existing markets, and support the development of innovative menu offerings. Boba Bhai also plans to introduce sub-brands that cater to evolving consumer preferences and enhance operational efficiencies across its outlets.

Dhruv Kohli, Founder and CEO of 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. 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."

Founded in 2023, Boba Bhai currently operates 42 outlets across nine cities, including Bengaluru, Mumbai, Chennai, Hyderabad, and Delhi. With plans to open over 150 stores by the end of the year, the startup aims to solidify its market presence.

Boba Bhai has achieved notable success with an average order value exceeding INR 400 and a repeat customer rate of 48%. Its innovative approach, combining bubble tea and Korean-inspired menu items like K-pop burgers, has resonated strongly with Gen Z consumers in India.

Vishwanath V, General Partner at 8i Ventures, added, "Boba Bhai is the clear market leader in the bubble tea category and a much-loved brand among Gen Z in India. We were struck by the operational excellence demonstrated by Dhruv and his team."

In addition to its expansion plans, Boba Bhai is set to roll out a Korean-inspired ice cream range nationwide, which is currently available at select Bengaluru outlets.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business News

Walmart Is Laying Off Hundreds, Relocating Others as the Company Closes a U.S. Office

Walmart is giving some employees at least a month to decide if they want to relocate.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

HairOriginals Secures USD 5 Mn in Series A Funding to Expand Global Footprint

The fresh capital will be deployed to expand the startup's on-demand "Try at Home" services to 40 cities, bolster research and development (R&D), and establish 25–30 company-owned experience centers within the next year.

News and Trends

Dreamfly Innovations, Fitspire, and Presage Insights Raise Early-Stage Funding

The following startups have announced their latest investment rounds:

Leadership

Entrepreneurs Drive the Economy — But Are We Doing Enough to Support Them?

Are we doing enough to encourage innovative entrepreneurs to take risks for the benefit of society at large?