Boba Bhai has raised $4.3 million in a funding round led by existing investors like 8i Ventures, with participation from new investors. The capital will be used to accelerate store expansion, strengthen leadership, and launch new products like a Korean-inspired ice cream range.
The company, which specializes in bubble tea and Korean-style burgers, has seen rapid growth, with revenue jumping from Rs 5 crore in FY24 to Rs 30 crore in FY25. It currently operates 90 outlets, most of which are profitable, and is on track to cross Rs 100 crore in annual recurring revenue.
Main topics: Funding round details, planned use of capital, company's product offerings and business model, financial performance and growth metrics, and store expansion strategy.