burger singh: Burger Singh raises fresh funding from Turner Morrison, existing investors



Quick service restaurant chain Burger Singh, owned by parent company Tipping Mr Pink Pvt Ltd, has raised a fresh round of pre-series B funding led by Turner Morrison Ltd, with participation from Homage Ventures LLP – office of Aditya Ghosh, the homegrown burger chain said late Thursday.

However, the QSR company did not disclose the amount of funding raised, and claimed that the round has increased its valuation to $52 million. Burger Singh had previously raised a valuation of $23 million mid last year.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Product Management Visit
Northwestern University Kellogg Post Graduate Certificate in Product Management Visit
IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit

Burger Singh said in a media statement that the new round of funding saw participation from existing investors including Anicut Capital’s Ashvin Chadha, Thapar Family Trust’s Vikramaditya Mohan Thapar, Mumbai Angels and LetsVentures.

The chain said it intends to set up 15 kiosks over the next couple of months at metro stations in Delhi NCR, to tap into consumer catchments such as universities, malls and airports. “These kiosks reduce the traditional risks associated with location, fit out costs and high rentals, ensuring our franchisees can achieve a faster return on their investment,” Kabir Jeet Singh, founder of Burger Singh, said.

According to the company, Burger Singh has over 150+ stores across the country.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.



Quick service restaurant chain Burger Singh, owned by parent company Tipping Mr Pink Pvt Ltd, has raised a fresh round of pre-series B funding led by Turner Morrison Ltd, with participation from Homage Ventures LLP – office of Aditya Ghosh, the homegrown burger chain said late Thursday.

However, the QSR company did not disclose the amount of funding raised, and claimed that the round has increased its valuation to $52 million. Burger Singh had previously raised a valuation of $23 million mid last year.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Product Management Visit
Northwestern University Kellogg Post Graduate Certificate in Product Management Visit
IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit

Burger Singh said in a media statement that the new round of funding saw participation from existing investors including Anicut Capital’s Ashvin Chadha, Thapar Family Trust’s Vikramaditya Mohan Thapar, Mumbai Angels and LetsVentures.

The chain said it intends to set up 15 kiosks over the next couple of months at metro stations in Delhi NCR, to tap into consumer catchments such as universities, malls and airports. “These kiosks reduce the traditional risks associated with location, fit out costs and high rentals, ensuring our franchisees can achieve a faster return on their investment,” Kabir Jeet Singh, founder of Burger Singh, said.

According to the company, Burger Singh has over 150+ stores across the country.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@technoblender.com. The content will be deleted within 24 hours.
Burgerburger singhExistingfreshFundingHomage Ventures LLPInvestorsLatestLetsVenturesMorrisonRaisesSinghstartup fundingTechTechnoblenderThapar Family TrustTurner
Comments (0)
Add Comment