Boba Bhai, a fast-growing quick-service restaurant (QSR) chain specializing in bubble tea and unique food items, has successfully raised ₹30 crore (approximately $3.4 million) in a Series A funding round.
The investment was led by 8i Ventures, with participation from notable existing investors like Titan Capital Winners Fund, Global Growth Capital, and DEVC.
This fresh capital injection follows the brand’s earlier seed round in April last year, where it secured ₹12.5 crore from Titan Capital and Global Growth Capital UK. The latest funding will enable Boba Bhai to broaden its footprint across new cities, expand its presence in existing markets, and introduce innovative menu options. The company also plans to explore sub-brand ventures, enhance operational efficiencies, and deliver superior customer experiences across its outlets.
Founded by Dhruv Kohli, Boba Bhai has carved a niche in the QSR sector with its bubble tea offerings and K-Pop-inspired burgers. The brand currently operates 42 outlets across nine cities, including Bengaluru, Mumbai, Chennai, Hyderabad, and Delhi. With ambitious plans to open over 150 stores by the end of the year, Boba Bhai is rapidly scaling its presence in the Indian market.
The startup boasts impressive metrics, with an average order value exceeding ₹400 and a repeat customer rate of 48%. Around 70% of its orders are generated through online platforms such as Zomato, Swiggy, ONDC, and its own website, while the remaining 30% comes from walk-ins at its physical stores.
Boba Bhai’s success highlights the growing demand for niche QSR offerings in India. With this funding, the brand is poised to take its innovative menu and exceptional service to more locations, solidifying its position as a leader in the bubble tea and specialty food space
