Tuesday, March 28, 2023
HomeInsightFunding Alert Burger Singh raises Rs 30 Cr in series A round

[Funding alert] Burger Singh raises Rs 30 Cr in series A round

[Funding alert] Burger Singh raises Rs 30 Cr in series A round

Homegrown Quick Service Restaurant (QSR) chain, Burger Singh has raised INR 30 Cr in Series A funding round from Negen Capital, Lets Ventures, Mumbai Angels, Old World Hospitality and musician Jasleen Royal.

The round also saw participation from existing investors including RB Investments, Rukam Capital, KCT Family Office and V.M. SALGAOCAR family office

The company plans to use the funds to start an additional 120 food court outlets by the financial year 2023.

Read also – [Funding alert] Edtech Startup Creative Galileo raises $7.5 mn in Series A round

Gurgaon-based Burger Singh was founded in 2012 by Kabir Jeet Singh, It is a domestic food chain, and it operates an asset-light franchise model.

“Our robust 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,” said, Kabir Jeet Singh, founder and CEO of Burger Singh.

Presently the company has more than 80 exclusive food outlets and 12 franchises across India including Delhi NCR, Lucknow, Jaipur, Dehradun, Jammu, Nagpur, Ahmedabad. It claims to register a growth of 223% over the previous year (2020).

Currently, the company is looking to expand its business as well as add to its existing franchise owners.

Read also – [Funding alert] DrinkPrime raises Rs 60 Cr in Series A round

“Kabir and his team have built Burger Singh with excellent unit level economics which are at par, if not better than, some of the MNC burger chains too,” said, Neil Bahal, founder and CEO at Negen Capital.

In November 2021, Burger Singh raised undisclosed amounts from existing investors Ashish Dhavan, Sanjeev Bhikchandani, and others.

Prior this, it also had raised $1 million funding in 2016 from various investors including Ashvin Chadda (Beer Café), Dheeraj Jain (Redcliffe Capital), TV anchor Rannvijay Singh, among others.

Read also – [Funding alert] Seekho raises Rs 3.75 cr in funding from We Founder Circle

About Burger King

Tipping Mr. Pink is the holding company for three brands: Burger Singh- Quick Service Restaurant, Glassy- a casual dining chain and King Hung Dong- Pan Asian restaurant chain.

Their outlets are present in multiple locations across India (Haryana; Gurgaon, Delhi, Uttar Pradesh; Noida& Agra, Maharashtra; Pune) and United Kingdom.

The company is included in the list of 50 Hot Startups of 2017 by Economic Times.

Their QSR brand, Burger Singh has received awards from Indian Food Forum for ‘the most admired food chain of the year’, Indian Restaurant Awards for ‘Best emerging QSR chain of the year’, Coco-Cola’s Golden Spoon Award.



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