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Friday, November 22, 2024

Biggies Burger secures pre-series A funding, valuation soars to INR 210 Crore, fueling rapid expansion plans

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Biggies Burger, the indigenous burger chain of India, has secured pre-Series A funding, valuing the company at INR 210 crore. This investment marks a significant milestone in the brand’s rapid growth and fuels its ambitious expansion plans.

The funds will mainly go towards strengthening Biggies Burger’s team and expanding its marketing initiatives. With 130 stores currently open and another 160 stores already in the pipeline, the brand is on a rapid growth path. In just 26 months, Biggies Burger has increased its store count from 37 in October 2021 to 130 in December 2023, achieving an impressive annual revenue run rate of INR 103 crore.

Biraja Rout, Founder of Biggies Burger, said, “We are incredibly excited to leverage these resources to further strengthen our brand, build an even more compelling customer experience and accelerate our expansion plans. Our vision is to be the go-to burger destination for every Indian and this pre-series A round brings us one step closer to achieving that dream.”

Continue Exploring: From humble kiosk to INR 100 Cr QSR success: The inspiring story of Biraja Rout and Biggies Burger

Established in 2011 in Bengaluru, Biggies Burger introduced Indian consumers to grilled burgers. It emerged as India’s pioneering homegrown chain to rival American counterparts, introducing authentic grilled burgers to the Indian market. Renowned for its ongoing innovation, Biggies Burger later pioneered the concept of localized menus as it expanded nationwide, becoming a favored model in Quick Service Restaurant (QSR) franchising. This approach not only appealed to QSR enthusiasts in tier-I cities but also facilitated entry into tier II and III cities. Recently, Biggies Burger secured seed round funding to fuel its expansion into tier II and III cities further.

Continue Exploring: Biggies Burger expands its reach to Bengaluru with the launch of its newest store

SnackTeam
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