Mumbai-based restaurant chain Burma Burma has secured INR 25.46 Cr (approximately $3 million) in a recent funding round led by Negen Capital, with participation from NV Alpha Fund Management and several high-net-worth individuals (HNIs).
The company plans to utilize the new capital to expand its presence over the next 15 months and increase its restaurant portfolio to 24 by the end of FY26. Burma Burma operates 12 restaurants and delivery kitchens across key cities such as Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, and Ahmedabad.
Founded in 2014 by Gupta and Chirag Chhajer, Burma Burma specializes in Burmese cuisine and aims to achieve a revenue target of Rs 300 crores within the next two financial years.
“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.
Burma Burma’s successful funding round and strategic expansion plan demonstrates the company’s ambition to grow its presence and strengthen its position in the competitive restaurant industry. With a clear focus on increasing its portfolio to 24 locations by FY26 and targeting substantial revenue growth, Burma Burma aims for significant success. Its unique offering of Burmese cuisine, coupled with expansion into key Indian cities, sets the stage for continued growth and a broader customer base in the coming years.
