The company plans to use the fresh capital to expand its footprint over the next 15 months, aiming to increase its restaurant portfolio to 24
Company’s focus is to take the company to Rs 300 crores in revenue within two financial years
It operates 12 restaurants and delivery kitchens currently in key cities like Delhi NCR, Mumbai, Bengaluru
Mumbai-based restaurant chain Burma Burma has raised INR 25.46 Cr (around $3 Mn) in a fresh funding round led by Negen Capital, along with participation from NV Alpha Fund Management and a host of high net worth individuals (HNIs).
The company plans to use the fresh capital to expand its footprint over the next 15 months, aiming to increase its restaurant portfolio to 24 by the end FY26.
Founded in 2014 by Gupta and Chirag Chhajer, Burma Burma offers Burmese cuisine. It operates 12 restaurants and delivery kitchens currently in key cities like Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata and Ahmedabad.
“The focus is to take the company to Rs 300 crores in revenue within two financial years while achieving more than 18% EBITDA margin. This funding will be a catalyst in bringing our vision to life as we aim to be IPO-ready by 2027,” said Chhajer.
(The story will be updated soon)