a quick-service restaurant (QSR) brand, Boba Bhai, specializing in bubble tea and other food items, has raised Rs. 30 crore (approximately $3.4 million) in its Series A funding round led by 8i Ventures.

The round also saw participation from existing investors, including Titan Capital Winners Fund, Global Growth Capital, and DEVC.

This marks the company’s second major funding milestone, following a Rs. 12.5 crore seed round in April last year, led by Titan Capital and Global Growth Capital UK.

Founded by Dhruv Kohli, Boba Bhai focuses on bubble tea and K-Pop burgers. The brand currently operates 42 outlets in nine cities, including Bengaluru, Mumbai, Chennai, Hyderabad, and Delhi, and has ambitious plans to increase its presence to over 150 stores by the end of the year.

The newly raised funds will be utilized to expand Boba Bhai’s footprint into new cities, scale operations in current markets, introduce innovative menu offerings, and explore new sub-brands.

The startup reports an average order value exceeding Rs. 400 and a repeat customer rate of 48%. About 70% of its orders are driven by its website and platforms like Zomato, Swiggy, and ONDC, with the remaining 30% coming from in-store sales.

Additionally, the company aims to enhance its operational capabilities and improve customer experiences across all its outlets.

With its latest funding, Boba Bhai is poised for aggressive expansion and further innovation in the QSR space, aiming to strengthen its market presence and enhance customer satisfaction.