Burger Singh raises fresh funds from RB Investments, others
Gurgaon headquartered burger brand Burger Singh has raised an undisclosed amount of funding led by Singapore-based venture capital firm RB Investments, which was also early-stage investors in Swiggy.
Existing investors including private equity investor Ashish Dhavan and InfoEdge founder Sanjeev Bhikchandani chipped in. The Salgocar Family office of Goa, Raghuvanshi Investment, family office of Sanjay Kapoor, MD, Sona Groups and Vikramaditya Mohan Thapar Family Trust were the new investors in the funding round, Burger Singh said in a statement.
The company has raised an estimated $6 million to date. It has not disclosed the stage of the recent funding.
Tipping Mr Pink Private Limited, which owns and operates Burger Singh, said that the funds will be deployed to open company-owned as well as franchisee-owned restaurants. It also plans to double its workforce by adding another 400 people through its restaurant network in the next 18 months.
“The online burger delivery segment’s growth rate has only been second to that of biryanis and I feel we are in a good position to capitalise on our early successes,” said Kabir Jeet Singh, founder and CEO, Burger Singh.
The company claims to have heavily invested in its supply chain over the last six months.
Founded in 2014 by Kabir Jeet Singh, Nitin Rana and Rahul Seth, Burger Singh is a quick service restaurant chain and has an online food ordering web application. It currently claims to cater to about 18.6 million people through its network. It is known for its fusion burgers and quirky marketing campaigns.
It has 23 restaurants across Delhi National Capital Region (NCR) and four more spread across Nagpur, Dehradun and Jaipur.
Burger Singh has also made an international presence by opening four outlets in the last 12 months in London. The latest format being an innovative food truck at the Excel exhibition centre in London.
It had raised $1 million in a seed round from investors Ashvin Chadha, Avtar Singh Monga, Dheeraj Jain, Rahul Singh and Salim Sheikh, in 2016. It also raised around $520,000 in an angel round from Udaan Angel Partners, Ashvin Chadha, Avtar Singh Monga, Dheeraj Jain, Rahul Singh and Salim Sheikh, in 2014, according to research platform VCCEdge.