Total amount raised
$5.1 Millions
Latest funding date
12/1/2023
Location
Burger Singh has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company continues to innovate in the food and beverage industry with its unique offerings.
Keep reading to explore the intricacies of Burger Singh's fundraising journey and the investors backing this dynamic brand.
What Is Burger Singh?
Burger Singh, founded in 2014 in Gurgaon, Haryana, India, is an innovative player in the food and beverage industry. The company specializes in craft burgers infused with Indian spices and flavors, offering a unique twist on a global favorite.
Founded by Kabir Jeet Singh, Nitin Rana, and Rahul Seth, Burger Singh has grown significantly since its inception. The company now employs between 101-250 people, reflecting its rapid expansion and popularity.
In addition to its signature burgers, Burger Singh provides franchise opportunities, property partnerships, bulk orders, and an online food ordering platform, catering to a diverse customer base.
How Much Funding Has Burger Singh Raised?
- Angel Round
- Amount Raised: $350K
- Date: October 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and establish the brand in the competitive food and beverage market.
- Seed Round
- Amount Raised: $1M
- Date: September 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the initial store network and enhance the product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2019
- Lead Investors: RB Investments Pte. Ltd.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market presence.
- Series A
- Amount Raised: ₹300M
- Date: July 2022
- Lead Investors: Negen Capital Services
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel further expansion and enhance technological capabilities.
- Series B
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Turner Morrison
- Valuation at Round: $52M
- Motivation Behind the Round: To support the launch of "Burger Singh Express" kiosks and prepare for a significant fundraising initiative in 2024.
Total amount raised: $1.35M + ₹300M
Current valuation: $52M
Key Investors
- Turner Morrison
- Details: Turner Morrison is a prominent investment firm known for its strategic investments in various sectors. They led the recent pre-Series B funding round for Burger Singh.
- Investment Focus Areas: Real estate, manufacturing, financial services.
- Notable Investments: Not publicly disclosed.
- Negen Capital Services
- Details: Negen Capital Services is a financial services firm that provides investment management and advisory services. They were the lead investors in Burger Singh's Series A round.
- Investment Focus Areas: Financial services, technology, consumer goods.
- Notable Investments: Not publicly disclosed.
- RB Investments Pte. Ltd.
- Details: RB Investments is a Singapore-based venture capital firm that focuses on early to growth-stage investments. They participated in Burger Singh's venture round.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- Mumbai Angels
- Details: Mumbai Angels is one of India's leading angel networks, providing early-stage capital to startups. They have been involved in multiple funding rounds for Burger Singh.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: InMobi, Purplle, Myntra.
- Homage Ventures LLP - Office of Aditya Ghosh
- Details: Homage Ventures LLP, led by Aditya Ghosh, is an investment firm focusing on high-growth potential companies. They participated in the recent pre-Series B funding round for Burger Singh.
- Investment Focus Areas: Technology, consumer goods, hospitality.
- Notable Investments: Not publicly disclosed.
What's Next for Burger Singh?
Burger Singh is poised for significant growth with the introduction of "Burger Singh Express" kiosks. These compact units will be strategically placed in high-traffic areas like metro stations, universities, and malls, aiming to capture a broader customer base while minimizing traditional risks associated with high rental costs. The company plans to deploy 15 kiosks in Delhi initially, with further expansion on the horizon.
Looking ahead, Burger Singh is preparing for a $10 million fundraising initiative in December 2024. This funding will support their ambitious expansion plans and enhance their technological capabilities. However, the company must navigate challenges such as maintaining consistent quality across all locations and managing the logistics of rapid expansion in a competitive QSR market.
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