8i Ventures and Titan Capital back Korean-inspired bubble tea brand
Quick service restaurant chain Boba Bhai has raised $4.3 million (approximately Rs 40 crore) in a funding round from existing investors 8i Ventures, Titan Capital Winners Fund, and Global Growth Capital, with participation from Big Capital and several angel investors. The Bengaluru-based startup had earlier raised Rs 30 crore in a Series A round led by 8i Ventures in January last year, following a Rs 12.5 crore seed round backed by Titan Capital and Global Growth Capital UK.
Capital to accelerate store expansion and launch new products
The fresh capital will be used to accelerate Boba Bhai’s store expansion strategy, strengthen its leadership team, and introduce new product offerings. The company plans to scale its physical retail footprint while continuing to expand its delivery presence across quick commerce and food delivery platforms.
Founder building Korean-inspired fusion QSR brand
Launched in 2023 by Dhruv Kohli, Boba Bhai specialises in Korean-inspired fusion cuisine and bubble tea. The brand offers more than 45 bubble tea flavours along with Korean-style burgers, Korean fried chicken, rice and noodle bowls, and fries. Its product lineup also includes K-pop-inspired menu items and packaged beverages targeting India’s young urban consumers.
Rapid growth driven by omnichannel distribution
Boba Bhai currently operates around 90 outlets across India, including approximately 55 dine-in stores and several delivery-focused hubs. The brand combines offline retail with strong presence on platforms such as Swiggy, Zomato, and Blinkit. The company reports revenue growth from Rs 5 crore in FY24 to Rs 30 crore in FY25 and is targeting Rs 100 crore in annual recurring revenue in the coming months while aiming to scale to 300 stores by 2026.
Keep building. Keep learning. Keep growing with StartupByDoc.