IAN Led INR 5 5 Cr Seed Round For QSR Chain Biggies Burger
Summary
Lead investors Uday Chatterjee, Jayant Mehrotra, and Ajay Upadhyaya, led the funding round at IAN. Notably, co-investors LetsVenture, and a Singapore-based franchise of Biggies Burger participated in the funding round.Bootstrapped until now, Biggies Burger will use the funds to expand its footprints and scale its franchising network and introduce products that will be redefined as per geography.A brainchild of Founder, Biraja Rout, Biggies Burger is co-founded by C Abilash and Sandeep Satpathy who bring in expertise in the retail industry. However, we want to expand our franchising model, and IANs investment will help us in this direction.IAN Lead Investor, Uday Chatterjee said, Young Indian consumers crave diversity in variety and flavors along with nutritional values and healthy options. They have achieved exceptional growth with their franchised partners and have excellent dine in facility in over 50 stores nationwide. We are delighted to assist them in their journey to become the largest grilled burger brand in India and South Asia.
Funding
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