Debt financing

Sports bar franchise Spice Lounge raises $1-M from Klub

Entrackr  

Spice Lounge, the master franchise of Buffalo Wild Wings, which is an American sports bar franchise, has raised USD 1 million led by Klub, a revenue-based financing platform. Spice Lounge aims to expand to a quick service restaurant (QSR) model in 2024 and projects a revenue of INR 150 crore by the end of FY25. The brand was the official partner of cricket team Sunrisers Hyderabad in the IPL seasons 2022 and 2023. Currently, Buffalo Wild Wings has 8 outlets in India across Hyderabad and Bengaluru. The franchisee plans to open 25 outlets in 2024 in Tamil Nadu, Kerala, Goa, Maharashtra, and Delhi NCR.

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