Boba Bhai, a quick service restaurant brand, reported a 145% year-on-year revenue increase to ₹70 crore in fiscal year 2026, founder Dhruv Kohli told Inc42. The startup, known for its bubble tea and Korean food offerings, also saw its net loss widen by 32% to ₹12.5 crore during the same period.
The revenue growth was driven equally by Boba Bhai’s food and beverage segments, with each contributing about 50% to the total revenue. The company expanded its menu in 2025 by adding Korean burgers alongside its flagship bubble tea variants. Same-store sales grew between 30% and 40% year-on-year. The startup’s largest expense was ₹24 crore spent on raw materials, followed by salaries, wages, and marketing. Boba Bhai recently raised ₹40 crore in a funding round co-led by existing investors 8i Ventures, Titan Capital Winners Fund, and Global Growth Capital, according to Inc42.
Boba Bhai claims to hold a 60-70% market share in the bubble tea and Korean food segments, making it the largest player in these categories. The company has raised over $9 million from investors including Titan Capital, DeVC, Warmup Ventures, and Honasa’s Varun Alagh. The growth in revenue and market share highlights the rising consumer demand for bubble tea and Korean cuisine in India’s quick service restaurant sector.
Looking ahead, Boba Bhai plans to continue expanding its food offerings and strengthen its presence in the bubble tea and Korean food markets. The company’s recent funding will support scaling operations, marketing efforts, and product innovation to maintain its market leadership, Dhruv Kohli said.