Delivery focused, fast-casual burger brand, Burgerama, has today announced raising Rs 5 Cr in pre-series A led by Anicut Angel Fund with participation from 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 (Angel Investor) to name a few.
The new investment would be leveraged to expand the brand’s geographical presence across North India along with entering tier-1 cities like Mumbai and Bangalore. Some part of the funds would help strengthen the supply chain and product standardization, creation of a franchise ready operation model and to acquire talent, bolster marketing and develop backend operations to sustain and support the next phase of growth.
Founded in early 2018, the founders Kabir Bose, Vivek Prakash and Viraaj Badhwar decided to use their individual expertise to create the quintessential cheeseburger experience they craved for.
“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 has 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.”
The last funding of Rs 2 crores, also led by Anicut Angel Fund, was raised in September 2020.