Lead by Klub, Spice Lounge, the American sports bar master franchise of Buffalo Wild Wings, has raised $1 million in funding.
According to a press release from Spice Lounge, the money raised will go toward financing the expansion of the store.
Spice Lounge anticipates reaching a revenue of Rs 150 crore by the end of FY25 and plans to grow into a quick service restaurant (QSR) model in 2024. In the IPL seasons of 2022 and 2023, Sunrisers Hyderabad’s official club partner was the brand as well.
The business also opened two new locations, the most recent of which is tucked away at the Falcon City Mall in South Bangalore.
The franchisee now intends to open 25 stores in Delhi NCR, Tamil Nadu, Kerala, Goa, and Maharashtra in 2024.
There are eight Buffalo Wild Wings restaurants in Hyderabad and Bengaluru, India, at the moment.
Klub offers quick and flexible funding to digital enterprises without requiring stock dilution. It says it has funded more than 300 brands in more than 600 investment rounds since its founding.
