2023
Bengaluru (India)
Seed
Boba Bhai is a rapidly growing quick-service restaurant (QSR) and foodtech brand specializing in bubble tea and Korean fusion cuisine. The company’s core offerings include an extensive range of bubble teas—boasting over 45 flavors—alongside Korean fusion burgers, ice creams, and fries.
Boba Bhai’s unique value proposition lies in its blend of global trends, such as K-Pop and Korean cuisine, with Indian flavors, creating a culturally resonant menu that appeals strongly to Gen Z and millennial consumers. The brand is recognized for its innovative approach, being the first Indian company to launch packaged, ready-to-drink bubble tea on quick commerce platforms like Blinkit, further democratizing access to bubble tea for Indian consumers.
Boba Bhai operates on a multi-channel QSR and FMCG business model, generating revenue through:
Direct sales at company-owned dine-in and delivery-only stores.
Online sales via foodtech platforms (Zomato, Swiggy, ONDC).
Quick commerce partnerships (Blinkit, with planned expansions to Instamart and Zepto).
Packaged, ready-to-drink bubble tea sold through quick commerce and retail channels.
B2C Focus: Primary customers are urban Gen Z and millennials seeking premium, experiential beverages and food.
Aggressive Store Expansion: Plans to increase store count from 50+ to 150 by year-end, targeting deeper penetration in Tier I and II cities and entry into new markets like Jaipur and Ahmedabad.
Quick Commerce Leadership: First-mover advantage in packaged bubble tea for quick commerce, with shelf-stable, spill-proof products designed for instant delivery.
Menu Innovation: Regular introduction of new flavors, limited-edition drops, and Korean-inspired offerings to maintain consumer excitement and loyalty.
Digital & Influencer Marketing: Strategic partnerships to build brand recall and drive online engagement, leveraging strong social media presence and influencer collaborations.
Operational Efficiency: Investments in supply chain, technology, and workforce to support scalable, sustainable growth.
Cultural Fusion & Menu Innovation: Boba Bhai uniquely blends global trends like K-Pop and Korean cuisine with Indian flavors, offering a diverse and innovative menu that stands out in the market.
Customizable & Experiential Offerings: The brand emphasizes personalized customer experiences, allowing custom orders and crafting not just drinks but memorable, Instagrammable moments.
Rapid Expansion & First-Mover Advantage: Boba Bhai is building a new product category in India, rapidly scaling its footprint with a mix of dine-in and delivery outlets, and pioneering quick commerce for bubble tea.
Strong Community & Brand Engagement: Through loyalty programs, referral incentives, and a focus on turning customers into brand evangelists, Boba Bhai cultivates a passionate, engaged community that drives organic growth.
Boba Bhai’s rapid ascent is driven by a data-backed understanding of evolving Indian consumer preferences, innovative channel strategies, and a relentless focus on quality and accessibility. Its multi-pronged growth plan—combining aggressive physical expansion, digital-first marketing, and category innovation—positions it as a formidable disruptor in India’s beverage and QSR landscape.
The company’s ability to capture a dominant market share, achieve high order volumes, and maintain strong investor interest underscores its scalability and market fit. With ambitious plans to reach ₹100 crore in annual turnover and expand internationally, Boba Bhai is poised to set new benchmarks for the bubble tea and QSR industry in India and beyond.
$4.9 million
3
$103 K, Angel
as of February 7, 2025
$11.8 Milion
as of January 13, 2025
2.19
as of January 13, 2025
Titan Capital
and 3 more52
Burger Singh
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 7, 2025 | Angel | $103 K | - | - | - | - |
January 13, 2025 | Series A | $3.5Million | $11.8 Milion | - | - | 8i Ventures, Titan Capital, DeVC, Global Growth Capital Advisors |
April 24, 2024 | Seed | $1.5Million | - | - | - | Global Growth Capital, Titan Capital, DeVC, Warmup Ventures, Mars Shot Ventures, Ggc Advisors, 1947 Rise, Invstt |