Gurugram-based Burger Singh, a food and beverage startup, is in talks and discussion with potential investors to raise a new Series B round.
“We will start looking out for Series B round of funding in a tune of Rs 50 crore before the end of this financial year,” Founder and CEO, Burger Singh, Kabir Jeet Singh said, as reported by Economic Times. “Once we start the talks, it may take us up to six months to close the round. The move will help us to become a national player.”
The restaurant startup provides an online platform for ordering food with a goal of faster service. The startup provides a menu consisting of both vegetarian and non-vegetarian options, with burgers and fries as items.
Menu items offered by Burger Singh include Pao Bhaji and Channa burgers. The startup currently has 25 locations in Delhi-NCR, Pune, Dehradun, Nagpur and Central London. The company’s first location opened almost four years ago, in 2014.
The company is aiming to raise the new funding by 2019 and to use the investment to expand to 100 locations, including those in Bengaluru, Hyderabad and Kolkata.
“I am very happy with my current investor set. But I would like to get a little diversity in the group. Somebody who brings in something more than just money would be ideal,” Singh said.
(Picture courtesy: https://vforveggieblog.wordpress.com/)