QSR tea brand Boba Bhai raises Rs.12.5 Cr from DeVC India, Titan Capital, others

Boba Bhai , a Bengaluru-headquartered quick service restaurant (QSR) chain specialising in bubble tea has raised INR 12.5 crore in seed funding from Titan Capital and Global Growth Capital UK. The round also saw participation from DeVC, V3 Ventures co-founder Arjun Vaidya, Razorpay founders’ Marsshot VC, Warm Up Ventures, Mamaearth co-founder Varun Alagh and others.Founded by Dhruv Kohli, Boba Bhai operates 25 outlets across Bengaluru, Chennai, Delhi and Hyderabad. The new funds will support the firm’s plans to expand to 100 outlets in the next 12 months.