Quick-service restaurant (QSR) chain Boba Bhai has raised $4.3 million (around ₹40 crore) in a fresh funding round led by existing investors 8i Ventures, Titan Capital Winners Fund, and Global Growth Capital, with participation from Big Capital and several angel investors.
Key Highlights
- QSR startup Boba Bhai secures $4.3 million funding led by 8i Ventures and Titan Capital.
- Fresh capital will support store expansion, leadership hiring, and launch of new Korean-inspired products.
The Bengaluru-based brand, known for its bubble tea and Korean-inspired burgers and snacks, plans to use the newly raised capital to accelerate store expansion, strengthen its leadership team, and introduce new menu offerings as it scales its presence across India’s rapidly growing quick-service restaurant segment.
Founded by Dhruv Kohli, Boba Bhai has quickly emerged as a popular youth-focused food brand since its launch, tapping into the rising demand for Asian street-food-inspired beverages and fusion fast food in urban India. The startup has expanded rapidly and now operates outlets across multiple major cities including Bengaluru, Delhi-NCR, Mumbai, Chennai, and Hyderabad.
Industry analysts say the funding highlights continued investor interest in new-age QSR brands targeting Gen Z and millennial consumers, particularly in niche categories such as bubble tea and Korean-inspired cuisine. India’s organised QSR market has been witnessing strong growth, driven by rising disposable incomes, increasing urbanisation, and the rapid adoption of food delivery platforms.
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Dhruv Kohli, founder of Boba Bhai, said, “Young consumers are increasingly seeking bold global flavours, but loyalty comes when the experience delivers every time.”
The company has previously raised capital from venture funds and angel investors as part of its expansion strategy. Earlier funding rounds helped the startup scale operations, build brand visibility, and develop its menu offerings.
Commenting on the company’s growth ambitions, founder Dhruv Kohli earlier that the brand aims to significantly expand its store network and strengthen its position in the emerging bubble tea category in India. The latest funding is expected to support aggressive expansion, operational upgrades, and product innovation over the next phase of growth.
With fresh capital in place, Boba Bhai is now looking to deepen its presence in existing markets while entering new cities, as it seeks to build one of India’s leading youth-centric QSR brands in the bubble tea and fusion food space.
