Quick service restaurant chain Boba Bhai has raised $4.3 million (INR 40 crore) in a new funding round from its existing investors 8i Ventures, Titan Capital Winners Fund, and Global Growth Capital.
The round also included new investors such as Big Capital and several angel investors.
The company plans to use the funds to open more stores, strengthen its leadership team, and launch new products.
“Young consumers are increasingly seeking bold, global flavours, but they stay loyal only when the experience delivers every time. Korean street food fits naturally into this shift, and we see strong headroom to build this category at scale in India,” said Dhruv Kohli, founder, Boba Bhai.
“We’ve been growing by about 40-50% month-on-month on quick commerce. Now we want to be on all platforms and enter more cities,” he added.
Vishwanath V, general partner, 8i Ventures, said, “Boba Bhai has demonstrated incredible growth and a repeatable playbook that has made it the #1 bubble tea brand in the country.”
Boba Bhai was founded in 2023 by Dhruv Kohli and is based in Bengaluru. The brand sells Korean-inspired fusion food and bubble tea. It currently operates several outlets and cloud kitchens and plans to expand to 300 stores by 2026.
The restaurant’s menu includes unique items such as gochujang burgers, K-pop-inspired dishes, and packaged drinks. It also offers more than 45 flavours of bubble tea, along with Korean-style burgers, Korean fried chicken, rice bowls, noodle bowls, and fries.
Customers can buy Boba Bhai products from its stores or order them online through delivery apps like Swiggy, Zomato, and Blinkit. The brand receives a large number of orders through these platforms.
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