• The latest round of funding values the company at INR 200 Cr.

• Fundraise to be used for foodcourt expansion

• Burger Singh is targeting skyrocketing expansion and aims to grow from a current store count of 80, accelerating to 200 outlets by FY23.

India’s largest homegrown burger chain, Burger Singh, has raised INR 30 crores in Series A funding, led by Negen capital and other investors namely Lets ventures, Mumbai angels, Old World Hospitality (Rohit Khattar) and Jasleen Royal (Singer, songwriter and composer).

The round also saw participation from existing investors RB Investments, Rukam Capital, KCT Family Office and V.M. SALGAOCAR family office (Goa). Despite the dry funding spell currently plaguing the larger economy, Tipping Mr Pink Pvt Ltd. (holding company of Burger Singh) has managed to close the round in 60 days. The company aims to deploy these funds towards its expansive growth plans to launch an additional 120 food court outlets in FY 23.

Kabir Jeet Singh, CEO and Founder of Burger Singh, said “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. We would rather be the winning tortoise of the QSR race than the cursory ill-fated rabbit.”

Burger Singh is the only Made-in-India brand to compete with the international giants and is one of India’s fastest-growing and most successful burger chains. The QSR brand is also amongst the very few companies in India that were able to sustain their growth spurt during the pandemic. The company achieved the right unit level economics and is scaling rapidly, registering a 223% growth in the past year with the launch of 50 outlets since 2020.

Speaking on the association, Neil Bahal, Founder & CEO – Negen Capital, said, “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.”

“The QSR space in India is a very exciting proposition right now due to the Indian consumption landscape moving to the next stage of evolution. Powered by 360 million millennials and dramatically improved unit level economics have made the industry very attractive for investors like us that want to invest in high growth, predictable and profitable startups,” he added.

The company launched its first outlet in 2014 in the city of Gurugram, and within 8 years, Burger Singh has become synonymous with burgers across the country.

Burger Singh is the largest chain of homegrown burgers in India with a strong presence in West & North India. They have 80+ outlets in Delhi NCR, Lucknow, Jaipur, Dehradun, Jammu, Nagpur, Ahmedabad, Jhansi, Chandigarh, Amritsar and others with another 12 franchises under fit-outs across the country.

Kabir’s vision is to establish Burger Singh as the largest food franchise in the country. Burger Singh operates on a franchise model making it asset light and profitable at a central level. The latest fundraise will be used to expand the business and support existing franchise owners.