Burger Singh Raises ₹47.15 Crore to Accelerate Expansion, Eyes 1,000 Outlets by 2026

Burger Singh Raises ₹47.15 Crore to Accelerate Expansion, Eyes 1,000 Outlets by 2026

Burger Singh Raises ₹47.15 Crore to Accelerate Expansion, Eyes 1,000 Outlets by 2026
The company stated that the funds will be deployed for operations, capital expenditure, network expansion, and other general corporate activities.

Indian fast food chain Burger Singh has secured fresh funding of ₹47.15 crore (approx. $5.5 million) as it looks to significantly scale its operations, with a goal of reaching over 1,000 outlets by 2026.

The funding round was co-led by Negen Value Fund and Nine Rivers Capital, each contributing ₹12 crore. Other key investors include Rhodium Trust (₹8.5 crore), Turner Morrison (₹3.5 crore), and the Thapar Family Trust (₹2 crore). A total of 23 entities, including individual investors like Vikas Kapur, Nomita Kapur, Sarfaraz Singh, and Rohit Khattar, participated in the round.

According to filings with the Registrar of Companies (RoC), the capital was raised through the issuance of 4,994 compulsory cumulative preference shares at ₹94,430 per share. The infusion brings Burger Singh's post-money valuation to an estimated ₹458 crore (around $54 million), as per startup intelligence platform Entrackr.

The company stated that the funds will be deployed for operations, capital expenditure, network expansion, and other general corporate activities.

Founded by Kabir Singh, Burger Singh currently operates over 175 outlets across 75 cities, using a hybrid model that includes both company-owned and franchise-run locations. Its menu features Indianized burgers, momos, fries, desserts, and beverages, carving a niche within the growing Quick Service Restaurant (QSR) market.

Despite showing strong topline growth, the company remains in the red. For the financial year ending March 2024, Burger Singh reported ₹77.7 crore in revenue, a 34% jump from ₹57.8 crore in FY23. However, net losses widened to ₹27.91 crore in FY24.

As it scales, Burger Singh will continue to face stiff competition from both international giants like McDonald’s, Burger King, and Wendy’s, as well as domestic challengers such as Jumboking, Wat-a-Burger, and Burgernama.

The latest funding round highlights investors' confidence in the brand’s potential to grow its footprint in India’s fast-evolving QSR landscape.

 

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