Burger Singh has raised Rs 47.15 crore (approximately USD 5.5 million) in a fresh funding round co-led by Negen Value Fund and Nine Rivers Capital, according to media reports. The round also saw participation from Rhodium Trust and 19 other investors, including family offices and individuals.
The board of Burger Singh approved a special resolution to issue 4,994 compulsory cumulative preference shares at an issue price of Rs 94,430 each to raise the capital.
Among institutional backers, Negen Value Fund and Nine Rivers Capital contributed Rs 12 crore each, followed by Rhodium Trust with Rs 8.5 crore. Turner Morrison and Thapar Family Trust also invested Rs 3.5 crore and Rs 2 crore, respectively. Notable individual investors in the round include Vikas Kapur, Nomita Kapur, Sarfaraz Singh, and Rohit Khattar.
The company plans to use the funds for operational expansion, capital expenditure, and general corporate purposes as it eyes significant growth across India’s expanding QSR segment.
Founded by Kabir Singh, Burger Singh operates a hybrid model comprising company-owned and franchise outlets. It currently runs over 175 outlets across 75 cities, to scale to more than 1,000 locations by 2026. The company serves a mix of Indianised burgers, momos, fries, beverages, and desserts. It has positioned itself as a desi alternative in a segment dominated by global giants.
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