Boba Bhai Raises Rs 30 Crore in Funding

Boba Bhai, an emerging Boba tea and Korean fusion food brand, has successfully raised ₹30 crore (approximately $3.4 million) in its Series A funding round led by 8i Ventures, with participation from Titan Capital and Global Growth Capital among others. This funding will be used to expand into new cities such as Pune and Ahmedabad, enhance operational capabilities, and introduce innovative menu items, including new sub-brands. Founded in 2023 by Dhruv Kohli, Boba Bhai currently operates 42 outlets across nine cities and aims to increase this number to over 150 by the end of the year. The brand has achieved significant sales, processing over 85,000 monthly orders and maintaining a repeat customer rate of 48%. Kohli emphasized the potential for growth in tier-two and tier-three cities, targeting a reach of around 30 cities in the coming years. With a strong focus on quality and customer engagement, Boba Bhai seeks to establish itself as a leader in the bubble tea market in India.