Biggies Burger, a homegrown burger QSR chain raises Rs 5.5 crore from the Indian Angel Network (IAN) and others. 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. The team aims to bring in further innovation in its homegrown burger business, and achieving a 2X Y-o-Y growth in the next 5 years.
Biraja Rout, Founder, Biggies Burger, said, “It is indeed heartwarming to witness the success we have achieved so far. Ever since our inception in 2011, we have come a long way. We are known for our commitment to quality ingredients and signature recipes. Our strong foothold in the country is fulfilling the demand in Tier-2, 3, and 4 cities. However, we want to expand our franchising model, and IAN's 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. Biggies Burger is the largest domestic burger brand who has pioneered grilled burgers in the country. 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.”