810
6 days ago
Boba Bhai Nets ₹40 Cr To Expand Offline Presence
Summary
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
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Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
BIG Capital, CRED’s Kunal Shah, Tracxn cofounder Abhishek Goyal and ex-Flipkart CTO Mekin Maheshwari also participated in the round
The fresh capital would be used to expand its store count in Tier I cities, while also entering Tier II markets and launching new products
Boba Bhai claimed that the round was raised at a valuation 5X higher than its previous funding round of ₹30 Cr (around $3.4 Mn) in January last year
Quick service restaurant (QSR) brand Boba Bhai has secured $4.4 Mn (₹40.62 Cr) in fresh capital in a funding round co-led by existing backers 8i Ventures, Titan Capital Winners Fund and Global Growth Capital.
Other investors including BIG Capital, CRED’s Kunal Shah, Tracxn cofounder Abhishek Goyal and ex-Flipkart CTO Mekin Maheshwari also participated in the round. Boba Bhai claimed that the round was raised at a valuation 5X higher than its previous funding round of ₹30 Cr (around $3.4 Mn) in January last year.
The fresh capital would be used to expand its store count in Tier I cities, while also entering Tier II markets and launching new products tailored for quick-commerce platforms.
Boba Bhai’s founder Dhruv Kohli told Inc42 that the startup will also focus on expanding its presence across FMCG channels while introducing more products in the Korean food range.
“This capital will take us from 92+ stores to around 300 stores in 12 to 14 months. While we will focus on strengthening our presence across the eight cities we already operate in during the first half of 2026, we plan to expand to cities such as Ahmedabad, Kolkata and Pune in the latter half of the year,” he said.
Founded in 2023 by Kohli, Boba Bhai is a QSR brand built around Korean delicacies like bubble tea, fusion burgers, ice cream, and fries. It primarily sells its products via its stores and foodtech platforms Zomato and Swiggy.
Boba Bhai joined Blinkit last February, with its packaged bubble tea – a ready-to-drink variant featuring a 270-day shelf life and a spill-proof seal.
On the financial front, the Bengaluru-based QSR brand claims that its FY25 net revenue surged 500% to ₹30 Cr in FY25 from ₹5 Cr in the previous fiscal year. The startup loss for the fiscal year doubled YoY to ₹4 Cr. Kohli claims that Boba Bhai’s top line is on track to FY26 with a 2.5X jump from FY25.
With intensifying competition in the consumer segment, most brands have been focusing on expanding their product offerings and expanding their omnichannel presence. To support this bid, many D2C brands have been raising fresh capital in recent times.
For instance, D2C startups like Bonkers Corner, Bubble Me and CURRYiT have raised fresh capital over the past few days.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
BIG Capital, CRED’s Kunal Shah, Tracxn cofounder Abhishek Goyal and ex-Flipkart CTO Mekin Maheshwari also participated in the round
The fresh capital would be used to expand its store count in Tier I cities, while also entering Tier II markets and launching new products
Boba Bhai claimed that the round was raised at a valuation 5X higher than its previous funding round of ₹30 Cr (around $3.4 Mn) in January last year
Quick service restaurant (QSR) brand Boba Bhai has secured $4.4 Mn (₹40.62 Cr) in fresh capital in a funding round co-led by existing backers 8i Ventures, Titan Capital Winners Fund and Global Growth Capital.
Other investors including BIG Capital, CRED’s Kunal Shah, Tracxn cofounder Abhishek Goyal and ex-Flipkart CTO Mekin Maheshwari also participated in the round. Boba Bhai claimed that the round was raised at a valuation 5X higher than its previous funding round of ₹30 Cr (around $3.4 Mn) in January last year.
The fresh capital would be used to expand its store count in Tier I cities, while also entering Tier II markets and launching new products tailored for quick-commerce platforms.
Boba Bhai’s founder Dhruv Kohli told Inc42 that the startup will also focus on expanding its presence across FMCG channels while introducing more products in the Korean food range.
“This capital will take us from 92+ stores to around 300 stores in 12 to 14 months. While we will focus on strengthening our presence across the eight cities we already operate in during the first half of 2026, we plan to expand to cities such as Ahmedabad, Kolkata and Pune in the latter half of the year,” he said.
Founded in 2023 by Kohli, Boba Bhai is a QSR brand built around Korean delicacies like bubble tea, fusion burgers, ice cream, and fries. It primarily sells its products via its stores and foodtech platforms Zomato and Swiggy.
Boba Bhai joined Blinkit last February, with its packaged bubble tea – a ready-to-drink variant featuring a 270-day shelf life and a spill-proof seal.
On the financial front, the Bengaluru-based QSR brand claims that its FY25 net revenue surged 500% to ₹30 Cr in FY25 from ₹5 Cr in the previous fiscal year. The startup loss for the fiscal year doubled YoY to ₹4 Cr. Kohli claims that Boba Bhai’s top line is on track to FY26 with a 2.5X jump from FY25.
With intensifying competition in the consumer segment, most brands have been focusing on expanding their product offerings and expanding their omnichannel presence. To support this bid, many D2C brands have been raising fresh capital in recent times.
For instance, D2C startups like Bonkers Corner, Bubble Me and CURRYiT have raised fresh capital over the past few days.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Explore 75,000+ startups, 3,500+ investors, 25,000+ funding rounds and more. Build shortlists and export them instantly.
Login or create a free account to continue reading in private mode.
AI Description
Boba Bhai, a prominent player in the Indian beverage industry, has raised $4.4 million to expand its offline presence. This funding round is co-led by notable venture capital firms, indicating strong investor confidence.