Boba Bhai Expands in India
Boba Bhai—a bubble tea and Korean street food chain—has raised ₹40 crore to expand in India [https://www.outlookbusiness.com/corporate/boba-bhai-raises-40cr-valuation-jumps-5x-as-revenue-eyes-100cr-milestone].
The funding round has increased Boba Bhai's valuation fivefold as it aims for ₹100 crore in revenue. The company plans to use the funds to open 40 new outlets. Boba Bhai will focus on North and East India, along with strategic locations in existing markets. Boba Bhai intends to use part of the funding to strengthen its supply chain and technology.
