Bengaluru-based QSR chain Boba Bhai announced it has raised ₹40 crore (approximately $4.3 million) in a new funding round.
The round was led by existing investors 8i Ventures, Titan Capital Winners Fund, and Global Growth Capital, with new participation from BIG Capital and several prominent angel investors. Notably, this round was raised at 5x the valuation of its Series A round from just a year ago.
Strategic Use of Capital
The fresh funds are earmarked for aggressive multi-channel growth:
- Store Expansion: Accelerating the rollout of physical outlets in Tier-1 cities and entering select Tier-2 markets.
- Korean Fusion Focus: Deepening its menu in Korean-inspired food, beverages, and the recently launched packaged snacking categories.
- Quick Commerce (Q-Com): Developing new products specifically tailored for rapid delivery platforms like Blinkit, Zepto, and Swiggy Instamart, where the brand reports a monthly growth rate of 40–50%.
- Leadership & R&D: Strengthening the on-ground management teams and investing in flavor innovation.
Business Growth & Traction
Founded in 2023 by Dhruv Kohli, Boba Bhai has become one of India’s fastest-growing consumer brands by tapping into the “K-culture” (Korean food/pop) and bubble tea trends.
| Metric | FY24 (Actual) | FY25 (Reported) | Current Target (May 2026) |
| Annual Revenue | ₹5 Crore | ₹30 Crore | ₹100 Crore (ARR) |
| Outlet Count | ~40 | 90 | 300 (by end of 2026) |
| Order Volume | ~70k/month | 90k+/month | — |
“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.”
— Dhruv Kohli, Founder
Market Positioning
Boba Bhai currently operates 90 outlets across India. About 55 of these are physical stores (typically 250–400 sq. ft. with limited seating), while the rest serve as delivery hubs. The company claims that 80 out of its 90 outlets are already profitable at a store level due to its lean, high-margin model.
