Boba Bhai FY26 revenue 2.5x to ₹70 Cr, but losses widen 32% to ₹12.5 Cr

Bengaluru-born bubble tea and Korean QSR chain Boba Bhai grew FY26 revenue 145% YoY on equal food-beverage split and 30-40% SSSG. Backed by 8i, Titan, DeVC and Honasa, it raised ₹40 Cr fresh and now eyes 200-250% FY27 growth via coconut jelly drinks, Korean chips and quick commerce.

— Source publishedTue, 26 May, 2026, 18:49 IST·First seen Tue, 26 May, 2026, 20:38 IST·Source Inc42 · Buzz

What happened

QSR startup Boba Bhai's FY26 revenue grew 145% to ₹70 Cr with food and beverages contributing equally. Net loss widened 32% to ₹12.5 Cr. Plans coconut jelly

Key facts

  • ₹70 Cr FY26 revenue
  • 145% YoY growth
  • ₹28 Cr FY25 revenue
  • ₹12.5 Cr net loss
  • 32% loss widening
  • 30-40% SSSG
  • ₹24 Cr raw material spend
  • ₹40 Cr fresh funding
  • $9 Mn total raised
  • 60-70% market share
  • 8 cities
  • 200-250% FY27 growth target

Why this matters

Boba Bhai is consolidating the Indian boba + Korean QSR niche with coconut jelly and chips line extensions plus quick commerce, making it a credible bolt-on for any beverage-led F&B platform looking to own Gen-Z occasions.

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