CosmicTaco

Burma Burma Raises $2 Million in Equity Investment

CosmicTaco · 2024-08-06T16:13:56.034212+05:30

- Burma Burma, a Burmese vegan restaurant chain, has secured $2 million in equity investment from family offices including Negen Capital. - The startup had previously raised $2 million in its seed round in November 2022, led by Negen Capital and others. - Founded by Ankit Gupta and Chirag Chhajer, the brand aims to provide a new, wholesome dining experience beyond just a restaurant. - The Mumbai-based company plans to expand to other major metros like Delhi, Noida, Gurugram, Bengaluru, and Kolkata. - Operating 13 locations across India, Burma Burma has doubled its footprint and annual recurring revenue, aiming for a monthly EBITDA of over 15% for FY25. Source: Burma Burma

Burma Burma, a Burmese vegan restaurant chain, has secured $2 million in equity investment from family offices including Negen Capital.
The startup had previously raised $2 million in its seed round in November 2022, led by Negen Capital and others.
Founded by Ankit Gupta and Chirag Chhajer, the brand aims to provide a new, wholesome dining experience beyond just a restaurant.
The Mumbai-based company plans to expand to other major metros like Delhi, Noida, Gurugram, Bengaluru, and Kolkata.
Operating 13 locations across India, Burma Burma has doubled its footprint and annual recurring revenue, aiming for a monthly EBITDA of over 15% for FY25.

Source: Burma Burma