Burger Singh Raises Undisclosed Amount in Pre-Series B Funding, Valuation Hits $52 Million
- ByStartupStory | December 15, 2023
Quick service restaurant (QSR) brand Burger Singh has successfully secured an undisclosed amount in a pre-Series B funding round, resulting in a valuation of USD 52 million, according to a press release on Thursday. The funding was led by Turner Morrison Ltd, with participation from Homage Ventures LLP.
Founder of Burger Singh, Kabir Jeet Singh, emphasized that their expansion goes beyond mere scaling up; it involves innovating and evolving in the QSR space. He highlighted the significance of the ‘Burger Singh Express’ model in realizing this vision.
The company aims to intensify its funding efforts to reach USD 10 million by December 2024. Additionally, Burger Singh has set an ambitious target to conclude this year with a QSR scale of USD 18 million. Established in 2014, the homegrown food service brand has already established a presence with over 150 stores across India.
As part of its growth strategy, Burger Singh plans to deploy 15 of its Kiosks in metro cities over the next 60 days. This recent funding injection will play a pivotal role in supporting the brand’s innovation and expansion initiatives within the competitive QSR landscape.
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