Private Equity

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QSR chain Burger Singh raises $5.5 M from Negen Capital, Nine Rivers, others

Business World  

Delhi-based quick service restaurant (QSR) chain Burger Singh has raised INR 47.15 crore (approximately USD 5.5 million) in a fresh funding round co-led by Negen Value Fund and Nine Rivers Capital. The round also saw participation from Rhodium Trust and 19 other investors, including family offices and individuals including Vikas Kapur, Nomita Kapur, Sarfaraz Singh, and Rohit Khattar.Among institutional backers, Negen Value Fund and Nine Rivers Capital contributed INR 12 crore each, followed by Rhodium Trust with INR 8.5 crore. Existing investors Turner Morrison and Thapar Family Trust also invested INR 3.5 crore and INR 2 crore, respectively.The company plans to use the new funds for operational expansion and capital expenditure.Founded in 2012 by Kabir Singh, Burger Singh operates a hybrid model comprising company-owned and franchise outlets. It currently runs over 175 outlets across 75 cities The company sells Indianised burgers, momos, fries, beverages, and desserts.

Between May 2012 and Nov 2023, Burger Singh had attracted about USD 8 M from Munjal Family Office, RB Investments, Negen Capital, Qi Ventures, Rukam Capital, Homage Ventures and others.