IAN Leads 5.5 Cr Seed Round in India’s Largest Homegrown Burger Chain, Biggies Burger
The Bangalore-based Burger QSR chain intends to increase footprints in tier 2, 3 and 4 cities by scaling its franchise network.
Biggies Burger will focus on redefining products as per geography, adding to its product innovation approach
New Delhi : Biggies Burger, a leading homegrown burger QSR chain, has raised INR 5.5 crore from the Indian Angel Network (IAN) and others. Lead investorsUday Chatterjee, Jayant Mehrotra, and Ajay Upadhyaya led the funding round at IAN. Notably, co-investorsLetsVenture, 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 footprint and scale its franchising network to introduce products that will be redefined as per geography.
Founded in 2011, Biggies Burger is India’s oldest burger QSR chain. It currently serves customers across 13 states and 27 cities with 117+ franchise units and caters to the demand for international Mcdonald’s and Burger King across consumers in Tier 2, Tier 3 cities and Tier 4 cities. Biggies Burger has over 150+ product designs and has launched “India’s first ever grilled burger chain” that has 30% less calories than usual burgers.
From L to R: Biggies Burger co-founders C Abilash, Sandeep Satpathy and Biraja Rout
A brainchild of Founder Biraja Rout, Biggies Burger is co-founded by C Abilash and Sandeep Satpathy, who bring expertise in the retail industry. The team aims to bring in further innovation in its homegrown burger business and achieve 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 flavours along with nutritional values and healthy options. Biggies Burger is the largest domestic burger brand that has pioneered grilled burgers in the country. They have achieved exceptional growth with their franchised partners and have an 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.”
The Indian QSR market is projected to touch the $1069 million mark by 2027 and will grow at a CAGR of 9.15%. With 117+ units, Biggies Burger serves more than 18 crore population in the country and is the market leader in 12 out of the 27 cities it caters to. To date, Biggies Burger has sold 90 lakh burgers, equating to approximately 800 tons.