Burger Singh raises INR 30 Cr in Series A led by Negen Capital

India’s home grown brand 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.

“Our ideology has always been to provide sustainable growth to our investors. Our robust 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,” shared Kabir Jeet Singh, CEO and Founder of Burger Singh.

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 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.

“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,” said Neil Bahal, Founder & CEO - Negen Capital by adding that QSR space in India is in a very exciting proposition right now due to the Indian consumption landscape moving to the next stage of evolution.

The company launched its first outlet in 2014 in the city of Gurugram and operates 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.