Burma Burma, a popular Mumbai-based restaurant chain, has secured INR 25.46 crore (approximately $3 million) in a new funding round. The round was led by Negen Capital, with contributions from NV Alpha Fund Management and several high-net-worth individuals (HNIs).
The company plans to utilize this fresh capital to expand its presence across India. Within the next 15 months, Burma Burma aims to increase its restaurant portfolio to 24 locations by the end of FY26.
Ambitious Revenue and Growth Targets
Founded in 2014 by Ankit Gupta and Chirag Chhajer, Burma Burma is known for serving traditional Burmese cuisine. The brand currently operates 12 restaurants and delivery kitchens across major cities, including Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, and Ahmedabad.
Chhajer expressed optimism about the future, stating, “Our focus is to reach INR 300 crore in revenue within two financial years, while maintaining an EBITDA margin of over 18%. This funding will be crucial in helping us achieve our goals, with the aim to be IPO-ready by 2027.”
With a strong growth strategy in place, Burma Burma is positioning itself for a significant expansion in the coming years.
Related topics: