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Gurgaon’s Burger Singh raises extra funds for expansion

Gurgaon-based fusion burger chain Burger Singh has secured additional investment taking the total fund raise to USD 1 million. The company plans to use the proceeds of the investment to expand beyond south Delhi and Gurgaon. As part of larger expansion strategy, owner of the chain Tipping Pink plans to raise another USD 5 million in Series A funding at a later stage.

Founded in November 2014 by Kabir Jeet Singh and Nitin Rana, Burger Singh is looking to make a mark in the country’s fast growing burger market dominated by larger American corporations like McDonald’s. Unlike its rivals, Burger Singh is looking to open smaller outlets with multiple locations predominantly focused on delivery and takeaway customers.

Kabir Jeet Singh, CEO of Burger Singh said, “Burger Singh has undergone phenomenal growth in a very short period, which validates our unique positioning. Now that we have carefully and deliberately built a robust foundation of systems and processes, the aim would be to reach a wider audience geographically.”

Existing investors Ashvin Chadda, Rahul Singh (Beer Café), Dheeraj Jain (Redcliffe Capital), Rannvijay Singh (MTV Roadies), Captain Salim Sheikh (ex -Sayaji Hotels Ltd) and Avtar Monga (COO of IDFC Bank) participated in the funding round that closed in August.

“We are very impressed by the vision and energy of Kabir, his success in introducing a new dining experience to the customer, the unique positioning of Burger Singh, and the quality of the management and operations team. We see strong potential in the company and are looking forward to working closely with the team to help ensure the continued success of Burger Singh,” said Dheeraj Jain of Redcliffe Capital.

Source: Money Control

Image Courtesy: news.franchiseindia