Published On:January 13 2025
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Boba Bhai Secures ₹30 Crore in Series A Funding Led by 8i Ventures for Expansion.

Boba Bhai, a fast-growing Boba tea and Korean food brand, has secured ₹30 crore in its Series A funding round led by 8i Ventures. The funds will be utilized to expand its footprint to new cities, enhance operations in existing markets, introduce innovative menu offerings, and develop sub-brands tailored to changing consumer preferences.

The brand also plans to hire senior talent to strengthen its leadership team, according to Dhruv Kohli, Founder and CEO of Boba Bhai. Kohli shared the company’s ambition to deepen its presence in existing cities and expand to new locations such as Pune and Ahmedabad. "We see significant potential in tier-two and tier-three cities across India. Over the next few years, we aim to grow our presence to about 30 cities nationwide," Kohli told Businessline.

Currently operating in six cities with 42 outlets, Boba Bhai is targeting the top 20 cities as part of its growth strategy while enhancing customer experiences and operational efficiency.

The Series A funding round included participation from Titan Capital, Winners Fund, Global Growth Capital, DEVC, and existing investors. This follows a ₹12.5 crore seed funding round led by Titan Capital and Global Growth Capital UK.

Vishwanath V, General Partner at 8i Ventures, highlighted the brand’s impact, saying, “Boba Bhai is a key player in the bubble tea category and has built a strong connection with Gen Z in India.” Shiv Kapoor, Vice President at Titan Capital, added, “Boba Bhai is well-positioned to tap into the rising popularity of Korean pop culture in the country.”

Founded in 2023, Boba Bhai has quickly scaled, processing over 80,000 monthly orders and achieving a strong repeat order rate of 48%. The brand is already profitable at the store level and expects company-wide profitability within the next 8–10 months.

HBL





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