/viestories/media/post_attachments/wp-content/uploads/2024/08/99-Pancakes-Secures-Rs-20-Cr-Funding-Round.webp "publive-image")
99 Pancakes, a chain of quick service restaurants (QSRs), has received Rs 20 crore ($2.4 million) in a Series A funding round from a family office.
In March 2022, it secured Rs 6.5 crore in a funding round from a consortium of angel investors. In a press release, 99 Pancakes announced that the most recent funds will be allocated to the expansion of its operations throughout India.
99 Pancakes, which was established in 2017 by Vikesh Shah, is a company that specializes in a diverse selection of pancakes that are suitable for all flavors and preferences. The company offers a variety of products, including waffles, pancakes, French crepes, macaroons, croissants, pizzas, and smoothies.
Read also - Kreedo Raises $4 Mn Funding Round From Heritas Capital, Others
The Mumbai-based organization intends to establish 50 new outlets by the conclusion of the current year and 200 outlets by December 31, 2025. The organization intends to broaden its geographic reach to 50 cities in India and will achieve this by establishing company-owned outlets and collaborating with master franchisees in various regions.
99 Pancakes has announced the opening of four new outlets in the current month. The company's expansion initiatives are currently focused on the state of Gujarat, with new locations planned for Ahmedabad, Vadodara, Anand, Surat, and Vapi.
About 99 Pancakes
Founded in 2017 by Vikesh Shah, 99 Pancakes, started his first pancake outlet in Mumbai’s Kala Ghoda area in 2017. Today 99 Pancakes have a total of 40+ Outlets in more than 10 cities.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
