/viestories/media/media_files/2025/01/20/rneu9TLSptoz9Dmus46Q.png)
Burma Burma, a restaurant chain has raised Rs 25.46 Crore (around $3 Mn) in a fresh funding round led by Negen Capital.
The round also saw participation from NV Alpha Fund Management and a host of high net worth individuals (HNIs).
Funding Utilisation
The startup plans to use the new funding to grow its presence over the next 15 months, with the goal of reaching 24 restaurants by the end of FY26.
Read also - Spacetech startup Catalyx Space Raises $1.7 Mn In Funding
Chirag Chhajer, Co-Founder of Burma Burma, said, “The focus is to take the company to Rs 300 crores in revenue within two financial years while achieving more than 18% EBITDA margin. This funding will be a catalyst in bringing our vision to life as we aim to be IPO-ready by 2027.''
About Burma Burma
Mumbai-based Burma Burma was founded in 2014 by Ankit Gupta and Chirag Chhajer, It currently operates 12 restaurants and delivery kitchens in major cities like Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata and Ahmedabad.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Funding and Stories: Discover Funding Trends and Stories Shaping Indian Startups.
Startup Funding News: Your Gateway to Every Funding Update.
Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.
Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.