Boba Bhai has raised INR 12.5 crore in seed funding round
26-Apr-2024
We are delighted to announce our recent investment in Boba Bhai, a QSR brand renowned for its bubble tea and diverse food offerings, has secured INR 12.5 crore in its seed round. The round was led by Titan Capital and Global Growth Capital UK.
The funding round also saw participation from V3-Ventures co-founder Arjun Vaidya, Razorpay founders, Mars Shot Ventures, DeVC, Warmup Ventures, Mamaearth cofounder Varun Alagh, and others.
Boba Bhai is building a QSR brand centered around Bubble teas, Korean burgers & more. They are transforming bubble tea into a QSR product and making it more affordable with unique Indian flavours.
Boba Bhai is on a remarkable trajectory, with a strong focus on serving today’s trend-savvy youth. Founder Dhruv Kohli’s vision for introducing exciting flavors, including popular Korean cuisine, aligns perfectly with evolving consumer preferences.
The new funds will support its plan to expand to 100 outlets within the next 12 months.
Speaking on the announcement, Boba Bhai founder Dhruv Kohli said “We are building the brand for today’s youth. They eat what’s trending and want to try new things. I believe foreign cuisines, especially Korean food, are going to have a lot of market in India. Our goal is to expand in tier-1 cities within the next six months and then go to tier-2 and tier-3 cities.”
Bipin Shah, Partner at Titan Capital said, “The team’s commitment to tailor-make a range of bubble teas to cater to the varied palates and preferences of Indian consumers has helped it gain immense popularity in a short span of time. We are pleased to partner with a brand with a vision to build a large food brand in India with solid taste, demand, and frugal distribution.“
We are delighted to announce our recent investment in Boba Bhai, a QSR brand renowned for its bubble tea and diverse food offerings, has secured INR 12.5 crore in its seed round. The round was led by Titan Capital and Global Growth Capital UK.
The funding round also saw participation from V3-Ventures co-founder Arjun Vaidya, Razorpay founders, Mars Shot Ventures, DeVC, Warmup Ventures, Mamaearth cofounder Varun Alagh, and others.
Boba Bhai is building a QSR brand centered around Bubble teas, Korean burgers & more. They are transforming bubble tea into a QSR product and making it more affordable with unique Indian flavours.
Boba Bhai is on a remarkable trajectory, with a strong focus on serving today’s trend-savvy youth. Founder Dhruv Kohli’s vision for introducing exciting flavors, including popular Korean cuisine, aligns perfectly with evolving consumer preferences.
The new funds will support its plan to expand to 100 outlets within the next 12 months.
Speaking on the announcement, Boba Bhai founder Dhruv Kohli said “We are building the brand for today’s youth. They eat what’s trending and want to try new things. I believe foreign cuisines, especially Korean food, are going to have a lot of market in India. Our goal is to expand in tier-1 cities within the next six months and then go to tier-2 and tier-3 cities.”
Bipin Shah, Partner at Titan Capital said, “The team’s commitment to tailor-make a range of bubble teas to cater to the varied palates and preferences of Indian consumers has helped it gain immense popularity in a short span of time. We are pleased to partner with a brand with a vision to build a large food brand in India with solid taste, demand, and frugal distribution.“