India’s boba tea and Korean fusion food brand Boba Bhai on Monday said it has raised Rs 30 crore ($3.5 million) in a Series A round led by 8i Ventures, aiming to expand to new cities and capture the Gen Z and Millennial market.
The round also saw participation from Titan Capital Winners Fund, Global Growth Capital, DEVC and existing investors.
Launched in October 2023, Boba Bhai claims to process over 80,000 monthly orders and establish a presence in 42 outlets across nine cities, including Bengaluru, Mumbai, Chennai, Hyderabad, Delhi, Gurugram, Noida, Udaipur, and Mangalore.
