Boba Bhai, a fast-growing bubble tea and Korean fusion food brand, has successfully raised ₹30 crore in its Series A funding round. This milestone round was led by 8i Ventures with participation from Titan Capital Winners Fund, Global Growth Capital, DEVC, and existing investors.
Utilizing Funds for Expansion and Innovation
The fresh capital will fuel Boba Bhai’s expansion into new cities, enhance its operations in existing markets, and support the introduction of innovative menu offerings. The brand is also focused on strengthening its operational capabilities and delivering improved customer experiences across its outlets.
Founder’s Vision for Growth
Speaking on the funding, Dhruv Kohli, Founder and CEO of Boba Bhai, stated:
“This investment is a significant milestone in our mission to capture a larger share of the bubble tea market and build the world’s largest Bubble Tea and K-pop QSR chain from India. Over the last nine months, our growth has been driven by innovation, quality, and customer satisfaction. With the strategic support of our investors, we are poised to scale operations, launch exciting new offerings, and position Boba Bhai as the go-to QSR brand for Gen Z in India.”
Investor Insights
Vishwanath V, General Partner at 8i Ventures, said:
“Boba Bhai is the clear market leader in the bubble tea segment and is a favorite among India’s Gen Z. We were impressed by the speed and operational excellence demonstrated by Dhruv and his team. We’re thrilled to partner with them on this exciting journey.”
Shiv Kapoor, Vice President at Titan Capital Winners Fund, added:
“We are proud to back Boba Bhai in this round. As one of the early investors, we’ve seen Dhruv’s exceptional execution skills firsthand. He has built a business with strong financial fundamentals and immense customer love. We believe Boba Bhai will become synonymous with the adoption of Korean pop culture in India.”
Expanding Horizons: Korean-Inspired Ice Cream and More
Boba Bhai’s immediate focus includes expanding its reach to new regions and launching a Korean-inspired ice cream range nationwide. Currently available at select outlets in Bengaluru, the brand aims to make these ice creams accessible to customers across India.
With this funding, Boba Bhai is well-positioned to solidify its leadership in the bubble tea market and capitalize on the rising popularity of Korean cuisine and culture among Indian consumers.
Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, and for LinkedIn– Click Here