Burger Singh bags Rs 30 crore in Series A funding round led by Negen Capital and singer Jasleen Royal
- ByStartupStory | July 21, 2022
Burger Singh, a homegrown brand, has raised 30 crores in a Series A funding round that was headed by Negen Capital. Along with singer and musician Jasleen Royal, other investors in the round included Lets Ventures, Mumbai Angels, and Old World Hospitality (Rohit Khattar).
Existing investors RB Investments, Rukam Capital, KCT Family Office, and VM Salgaocar family office (Goa) participated in the round as well, it was stated. In FY23, the business plans to use this money to open 120 more food court locations.
Burger Singh’s CEO and founder, Kabir Jeet Singh, made the following comment in a press release: “Our sturdy business strategy has sailed firmly through two unprecedented world crises the epidemic and inflation. Current and new investors have once again backed our tenet with this round.
Neil Bahal, founder and CEO of Negen Capital said, “Kabir and his team have established Burger Singh with great unit level economics that is at par with, if not better than, some of the MNC burger chains too. Due to the Indian consumption environment transitioning to the next stage of evolution, the QSR industry in India is currently a very intriguing opportunity. The business has become more appealing for investors like us who want to participate in high growth, dependable, and lucrative startups, thanks to 360 million millennials and drastically better unit level economics.”
About Burger Singh
Burger Singh, which launched its first location in 2014, currently operates over 80 locations in India, with an additional 12 franchise locations being fitted out nationwide. Burger Singh was started by Kabir Jeet Singh, along with co-founders Nitin Rana and Rahul Seth. The business claimed to be growing quickly, clocking a growth of 223% over the previous year and launching 50 stores in 2020.
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