Biggies Burger raises 5.5 crore in seed funding led by Indian Angel Network
- ByStartupStory | September 20, 2022
Bengaluru-based burger chain Biggies Burger has secured Rs 5.5 crore as a part of its seed funding round led by Indian Angel Network. The round saw participation from LetsVenture and a Singapore-based franchise of the company. The funds raised will be used by the startup to enlarge its footprints, scale franchising network and onboard more products.
“Ever since our inception in 2011, we have come a long way. We are known for our commitment to quality ingredients and signature recipes. Our strong foothold in the country is fulfilling the demand in Tier-2, 3, and 4 cities. However, we want to expand our franchising model, and IAN’s investment will help us in this direction,” said Biraja Rout, founder at Biggies Burger.
“Young Indian consumers crave diversity in variety and flavours along with nutritional values and healthy options. Biggies Burger is the largest domestic burger brand who has pioneered grilled burgers in the country. They have achieved exceptional growth with their franchised partners and have excellent dine in facility in over 50 stores nationwide,” said Uday Chatterjee, IAN Lead Investor.
The Indian Angel Network, founded in 2006, has been a prominent investor in India’s startup ecosystem. The network has invested in startups like Dhruva Space, Spinny, Box8, Uniphore, Propelld and Wow! Momo, among others.
Founded in 2011 by Biraja Prasad Rout, Biggies Burger claims to currently serve customers across 27 cities with over 117 franchise units. The company aims to log 2X year-on-year growth in the upcoming five years.
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