Homegrown fast food chain Burger Singh has raised INR 82 Cr from a slew of Investors at a valuation of INR 520 Cr. New investors include Artal Asia Pte Ltd., Negen Undiscovered Value fund and Aurum India Rising Fund.
What started off as a passion-led start up in 2016 has now grown to become a full-fledged retail network spanning 75 cities with over 200 outlets in India.
Kabir Jeet Singh, Founder and CEO of Burger Singh said, “India has no shortage of entrepreneurs. What it lacks is enough high-quality operating platforms that allow those entrepreneurs to succeed in the restaurant business at scale. That is the gap we are solving”.
The brand runs a combination of company managed (CoCo) as well as franchise operated (FoFo) outlets. The offering includes burgers, momos, fries, beverages and desserts.
Burger Singh aims to scale 300 outlets by 2026 and up to 1,000 outlets by 2030.
The company had reported annual revenues of INR 117 Cr in FY 24-25, growing 2x INR 78 crore in FY 23-24. Meanwhile, the net losses of the brand shrank by 86% to Rs 3.86 crore in FY 24-25.
This is mainly due to a franchise frenzy by investors who need ti invest around INR 27 lakhs to run an outlet.
Editor’s Note
Burger Singh’s physical footprint started with just one outlet in Gurugram back in 2014. Their expansion has shifted into high gear over the last three years due to a heavy push into Tier 2 and Tier 3 cities.
After raising a Seed round of USD 3 Mn between 2014-2018, the brand raised INR 30 Cr in 2022 from Mumbai Angels, Negen Capital, LetsVenture and Jasleen Royal.
From just 50 outlets in 2021, the brand has quadrupled , thanks to intensive funding rounds, the much needed fuel for growth.
The “Big Punjabi” Strategy – by focusing on Indian flavors like the hugely popular United States of Punjab burger, they’ve managed to find a niche in markets where international chains have struggled to connect with their TG.
The brand operates over half of its outlets in Northern India, while West, East and Southern India contribute the rest.
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