The fresh capital will be used to support expansion into new cities and strengthen presence in existing markets
Burmese speciality restaurant chain Burma Burma has raised over Rs 38 crore in a private funding round, valuing the company at approximately Rs 500 crore. The round saw participation from existing investor Negen Capital, along with new investors Endurance Capital and Coheron Wealth.
The fresh capital will be used to support expansion into new cities and strengthen presence in existing markets, as the brand looks to benefit from growing consumer demand for differentiated dining experiences in India.
Co-founders Chirag Chhajer and Ankit Gupta, stated, “The current fundraise allows us to accelerate expansion in a calibrated manner while strengthening our presence in markets where the brand has already demonstrated strong traction. As consumer preferences continue to shift towards premium and experience-led dining, we see significant headroom to scale the brand while maintaining the quality and distinct positioning that has defined Burma Burma so far.”
The company has reported annual recurring revenue exceeding Rs 200 crore, with revenue growing at approximately 50 per cent compound annual growth rate (CAGR) over the last three years. For FY25, the business recorded outlet-level profitability of over 21 per cent and Ebitda margin of around 8 per cent. The company’s valuation has increased from Rs 150 crore to Rs 500 crore over the past three years, supported by expansion across metro markets and improving unit economics.
Founded in 2012, Burma Burma operates 21 restaurants across Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Ahmedabad, and Chandigarh, and has built a niche positioning in India’s premium casual dining segment with a focused Burmese cuisine offering. The transaction was advised by Niamh Ventures, which acted as the investment banker to the company.
