Boba Bhai has raised ₹40 crore in a funding round led by 8i Ventures, Titan Capital Winners Fund and Global Growth Capital. The bubble tea and Korean street food chain will use the capital to expand stores in Tier-1 and select Tier-2 cities and launch products for quick-commerce platforms. Revenue rose from ₹5 crore in FY24 to ₹30 crore.