Last updated : November 19, 2019 10:56 am
Homegrown QSR restaurant chain Burger Singh has secured an undisclosed amount of funding led by RB Investments, which were also early stage investors in Swiggy.
RAGHUVANSHI INVESTMENTS PRIVATE LIMITED, family office of Sona Groups MD Sanjay Kapoor and Vikramaditya Mohan Thapar Family Trust. This round was led by RB Investments - a Singapore Based Venture Capital firm who were also early stage investors in Swiggy.
According to the company, it is planning to drive growth by opening Company owned as well as Franchisee owned restaurants. The brand also plans to double its workforce by adding another 400 people through its restaurant network in the next 18 months. The company has invested heavily in their supply chain over the last 6 months which now gives them the capability of having a national reach. The company, however, remains cautious in its approach of its geographical expansion which remains rooted in its philosophy of exploiting demand and supply imbalances.
Burger Singh is the largest chain of non-franchisee-based home-grown burger brand in India which currently has the capability of serving 18.6 million people through its network. In total, it has 23 restaurants based in the Delhi NCR and 4 more spread across Nagpur, Dehradun and Jaipur. Burger Singh also has an international presence through the franchisee route and has opened 4 outlets in the last 12 months in London, the latest format being an innovative food truck at the Excel exhibition centre, London.
Till date the company has raised an estimated amount of $6 Million.