VC Fund Investments
Bubble tea brand Boba Bhai raises Rs.30-Cr in Series A funding
Bengaluru-based bubble tea brand Boba Bhai has raised INR 30 crore (around USD 3.4 million) in a Series A funding round led by 8i Ventures. The round also saw participation from Titan Capital Winners Fund, Global Growth Capital, DeVC, and existing investors.Founded in 2023 by Dhruv Kohli, Boba Bhai is a quick-service restaurant (QSR) brand specialising in bubble tea and other food items with a fusion of Korean flavors. It has presence in over nine cities and processes over 80,000 monthly orders.The new funds will be used to expand its presence to new cities, scale operations in existing markets, introduce innovative menu offerings and develop new sub-brands.
In Feb 2024, Boba Bhai had raised about USD 1.50 M from DeVC India, and Warmup Ventures.
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