Homegrown quick service restaurant (QSR) chain Burger Singh has raised ₹47.15 crore (approximately $5.5 million) in a fresh funding round co-led by Negen Value Fund and Nine Rivers Capital, according to reports. The round also saw participation from Rhodium Trust and 19 other investors, including family offices and high-net-worth individuals.
To raise the capital, Burger Singh’s board approved a special resolution to issue 4,994 compulsory cumulative preference shares at an issue price of ₹94,430 each.
Among institutional investors, Negen Value Fund and Nine Rivers Capital each invested ₹12 crore, while Rhodium Trust contributed ₹8.5 crore. Additional contributions came from Turner Morrison (₹3.5 crore) and the Thapar Family Trust (₹2 crore). Notable individual investors in this round include Vikas Kapur, Nomita Kapur, Sarfaraz Singh, and Rohit Khattar.
Burger Singh plans to utilize the funds for operational expansion, capital expenditure, and general corporate purposes, as it targets rapid growth in India’s expanding QSR market.
Founded by Kabir Singh, the brand follows a hybrid model of company-owned and franchise outlets. Currently, it operates over 175 outlets across 75 cities and aims to scale to 1,000+ locations by 2026. Known for its Indianized burgers, momos, fries, beverages, and desserts, the company has positioned itself as a desi alternative in a segment dominated by global fast-food giants.
