Gurgaon-based Burger Singh, one of India’s largest burger chains, has raised Rs 30 crore in a Series A funding round led by Negen Capital, Lets ventures, Mumbai Angels, Old World Hospitality, and musician Jasleen Royal.
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The round also saw participation from existing investors, including RB Investments, Rukam Capital, KCT Family Office, and V.M. SALGAOCAR family office (Goa).
Burger Singh was founded in November 2014 by Kabir Jeet Singh and Nitin Rana. Since then, the company has rapidly scaled up its position in the Indian fast food industry. It has over 80 outlets in more than 38 cities, including Delhi NCR, Lucknow, Jaipur, Dehradun, Jammu, Nagpur, Ahmedabad, Jhansi, Chandigarh, Amritsar, among others.
Burger Singh says it plans to launch an additional 120 food court outlets by the financial year 2023.
“Our ideology has always been to provide sustainable growth to our investors. Our compelling business model has sailed steadfast through two unprecedented global events – the pandemic and inflation. With this round, both current and new investors have once again supported our mantra,” Kabir Jeet Singh Singh said.
The restaurant chain claims to have recorded a 223% growth in the past year (2020).
Source @Indianstartupnews
