Summary:

  • Founded by Ankit Gupta and Chirag Chhajer, Burma Burma Restaurant and Tea Room aims to make Burmese cuisine accessible to a wider audience.

  • This round was led by Negen Capital.

  • Currently, Burma Burma operates 13 restaurants and delivery kitchens across India.

Burmese vegan restaurant chain Burma Burma has successfully secured an additional $2 million in equity investment. This fresh capital comes from several family offices, including Negen Capital. This marks the latest financial milestone for the company, which had previously raised $2 million in its seed round back in November 2022, also led by Negen Capital and other investors.

Founded by Ankit Gupta and Chirag Chhajer, Burma Burma Restaurant and Tea Room aims to make Burmese cuisine accessible to a wider audience. Their mission extends beyond merely serving food; they strive to offer a comprehensive dining experience that engages patrons on multiple levels. This holistic approach to dining has resonated well with customers and has become a key aspect of the brand’s identity.

Based in Mumbai, Burma Burma has ambitious plans for rapid expansion. The company intends to extend its reach to five other major metropolitan areas in India: Delhi, Noida, Gurugram, Bengaluru, and Kolkata. These cities represent significant growth opportunities for the brand as it continues to build its presence across the country.

Currently, Burma Burma operates 13 restaurants and delivery kitchens across India, including key locations such as Delhi, Gurugram, Noida, Mumbai, Bengaluru, Hyderabad, Kolkata, and Ahmedabad. The company has experienced remarkable growth over the past year, doubling its footprint and annual recurring revenue (ARR). In FY23, Burma Burma reported an ARR of Rs 46 crores, which has surged to over Rs 100 crores in FY24. This impressive growth is a testament to the company’s successful expansion strategy and the increasing popularity of its unique culinary offerings.

Financially, Burma Burma is performing well. The company reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of over 13% in July and has set a target to achieve a monthly EBITDA of over 15% for FY25. This financial health is a strong indicator of the company’s operational efficiency and profitability, which are crucial for sustaining its growth trajectory.

The recent infusion of $2 million in equity investment will further bolster Burma Burma’s expansion plans. The funds will likely be used to open new outlets in targeted metropolitan areas, enhance operational capabilities, and possibly explore new markets. By expanding its geographical footprint, Burma Burma aims to bring its distinctive vegan Burmese cuisine to more customers across India.

Ankit Gupta and Chirag Chhajer, the founders, have been instrumental in shaping the brand’s vision and growth strategy. Their dedication to authenticity and quality has set Burma Burma apart in the competitive restaurant industry. The founders’ commitment to providing an exceptional dining experience has fostered a loyal customer base and attracted significant investor interest.

Burma Burma’s success is also reflective of the growing demand for vegan and plant-based dining options in India. As more consumers become conscious of their dietary choices and seek healthier, sustainable options, restaurants like Burma Burma are well-positioned to capitalize on this trend. The brand’s emphasis on vegan cuisine not only caters to this demographic but also introduces customers to the rich and diverse flavors of Burmese food.

In conclusion, Burma Burma’s recent $2 million equity investment marks a significant step in its journey of growth and expansion. With a strong foundation built on authentic cuisine and exceptional dining experiences, the company is poised to continue its upward trajectory. As it spreads its wings across India’s major metropolitan areas, Burma Burma is set to become a prominent name in the country’s vegan dining landscape, offering a unique and enriching culinary experience to its patrons.