Burgerama announced on Monday that it had raised Rs 5 crore in a pre-series A round led by Anicut Angel Fund, with new and existing investors such as Rishab Malik (Droom, Jungle Ventures), Ashvin Chadha (Co-founder, Anicut Capital), Bikky Khosla (Chairman, TradeIndia.com), and Arjun Seth participating (Angel Investor) The additional investment will be used to increase the brand’s geographical footprint throughout North India, as well as into tier-1 cities such as Mumbai and Bangalore. To sustain and support the next phase of growth, some of the money will be used to reinforce the supply chain and product standards, create a franchise-ready operating model, hire people, increase marketing, and develop backend operations.
“A burger lover’s haven, Burgerama is the first Indian brand to recreate the quintessential, crave-worthy American cheeseburger experience. Being focused on consistency, hygiene and reduction of order preparation time have allowed us to grow our business by more than 5 times over the pandemic. This second round of funding from Anicut Angel Fund displays the confidence our investors have shown in the vision of expanding our business across the country and beyond.” said Kabir, Co-Founder and CEO, Burgerama.
Ashvin Chadha, Co-founder and Managing Partner, Anicut Capital said, “Since the beginning of Burgerama, the founders have stuck to the core mission of consistently delivering excellent, flavourful burgers and sides in a clean, system-driven and highly scalable manner. With the changing Indian customer’s taste palette and preferences for an international food and dining experience, Burgerama is strategically placed and aligned with the present consumer demands and will definitely make its space in the F&B industry.”
