QSR chain Burger Singh has raised ₹82 Cr (about $8.8 Mn) in its Series B funding round at a valuation of ₹520 Cr, as it looks to scale its franchise-led business across India.
The round was led by Artal Asia, with participation from Negen Undiscovered Value Fund, Aurum Rising India Fund, and other investors.
Burger Singh said it will use the fresh capital to strengthen its franchise ecosystem, including investments in store design, training systems, supply chain, technology and operational processes. The focus is to build a standardised platform that allows local entrepreneurs to open and operate outlets with structured back-end support.
Founded in 2014 by Kabir Jeet Singh and Nitin Rana, Burger Singh currently operates more than 200 outlets across over 100 cities. Unlike traditional QSR chains that rely heavily on company-owned stores or master franchise models, Burger Singh is betting on a franchise-first approach under which individual operators run stores while it provides centralised systems and support.
Burger Singh’s franchise-first model also aligns with a broader shift in investor sentiment towards asset-light and scalable formats.
Burger Singh said it reported a revenue of ₹117 Cr in FY25, driven by expansion across both metro and non-metro markets. The brand positions itself as a homegrown alternative to global burger chains, offering Indianised menu options at accessible price points.
It is now looking to deepen its presence across the country while building a repeatable and structured platform for restaurant entrepreneurship, as competition in the QSR space increasingly shifts towards efficiency, localisation and hybrid online-offline models.
The fundraise comes at a time when QSR chains operating in niche and scalable formats in India like coffee chains, Korean fusion brands, and cloud kitchen operators expanding into tier II and III cities are seeing growing investor interest.
For instance, Boba Bhai raised ₹40 Cr earlier this month, while Blue Tokai raised ₹220 Cr in a bridge funding round. However, compared to the wider D2C food and beverage space, pure-play QSR deals remain relatively limited.
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