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QSR chain 99 Pancakes raises Rs 20 Cr

EntrackrEntrackr · 1y ago
QSR chain 99 Pancakes raises Rs 20 Cr
Medial

Quick service restaurant (QSR) chain 99 Pancakes has secured Rs 20 crore ($2.4 million) in a Series A funding round from a family office. In March 2022, it had raised Rs 6.5 crore in a round of funding through a group of angel investors. The latest funds will be used to make its presence across India, 99 Pancakes said in a press release. Entrackr has reached out to 99 Pancakes to know the names of the investors. Launched in 2017 by Vikesh Shah, 99 Pancakes specializes in a variety of pancakes that cater to all tastes and preferences. The brand sells pancakes, waffles, french crepes, macaroons, croissants, pizzas, and shakes. According to the Mumbai-based company, it is set to add 50 new outlets by the end of the current year and 200 outlets by the end of December 2025. The company aims to expand geographic coverage to 50 cities across India and will expand its presence by opening company-owned outlets and associating with master franchisees in different regions. 99 Pancakes says that it has opened 4 new outlets in the current month and expansion efforts are centered on the state of Gujarat, with new locations slated for Ahmedabad, Vadodara, Anand, Surat, and Vapi.

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Bubble tea brand Boba Bhai raises Rs 12.5 Cr in seed round

EntrackrEntrackr · 1y ago
Bubble tea brand Boba Bhai raises Rs 12.5 Cr in seed round
Medial

Boba Bhai,a quick-service restaurant (QSR) brand focused on bubble tea and other food items, has raised Rs 12.5 crore in its seed round led by Titan Capital and Global Growth Capital UK. The round also saw participation from Arjun Vaidya, Marsshot VC (RazorPay founders fund), DEVC, Warm up Ventures, Asit Oberoi, 1947 Rise Fund by Shiva Singh Sangwan, Peercheque, Varun Alagh, Mandeep Sodhi, Prabhraj (Simba Beer), FinFirst, Neha Patil, Abhinav Sinha from Oyo and other high profile angel investors. The proceeds will be used across hiring, product line expansion and presence across India, the company said in a press release. This is the first institutional fundraising round since its inception in October 2023. In just six months, the startup claims to have processed over 50,000 monthly orders while expanding its footprint to 25 outlets across seven cities – Delhi, Gurugram, Udaipur, Bengaluru, Mumbai, Hyderabad, and Chennai with an average order volume of Rs 400. Founded by Dhruv Kohli, Boba Bhai is building bubble tea and K-Pop burgers QSR chain to expand its presence globally. The Bengaluru-based firm makes an annual revenue run rate (ARR) of Rs 24 crore and a monthly revenue run rate (MRR) of Rs 2 crore. By December 2024, it aims to reach Rs 60-65 crore. Earlier this month, Kolkata-based QSR chain Wow! Momo secured Rs 70 crore ($8.3 million) in funding from Z3 Partners.

Wow! Momo raises Rs 85 Cr in debt from Stride Ventures

EntrackrEntrackr · 9m ago
Wow! Momo raises Rs 85 Cr in debt from Stride Ventures
Medial

Wow! Momo raises Rs 85 Cr in debt from Stride Ventures Quick-service restaurant chain Wow! Momo Foods has raised Rs 85 crore (around $10 million) in debt funding from Stride Ventures. The proceeds will be used to refinance existing loans and drive expansion across its QSR and FMCG verticals. Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 700 outlets in 70 cities, and owns brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. “This support from Stride Ventures will help us scale new heights and introduce more formats to reach wider audiences,” said Sagar Daryani, Co-founder & CEO of Wow! Momo. The company plans to scale its FMCG business to Rs 100 crore, grow its HORECA division, and expand to 1,500 stores across 100 cities in the next three years. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in FY24 from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24.

Burger Singh raises Rs 82 Cr in Series B round at Rs 520 Cr valuation

EntrackrEntrackr · 3d ago
Burger Singh raises Rs 82 Cr in Series B round at Rs 520 Cr valuation
Medial

Burger Singh raises Rs 82 Cr in Series B round at Rs 520 Cr valuation Homegrown burger chain Burger Singh has announced the closure of its Series B funding round at Rs 82 crore (nearly $9 million) at a valuation of Rs 520 crore ($56 million). The round was led by Artal Asia Pte Ltd and saw participation from a mix of new and existing investors such as Negen Undiscovered Value Fund, Aurum Rising India Fund, and others. Entrackr had exclusively reported about this round back in July last year. The company will use the fresh capital to strengthen the systems, processes, and infrastructure required to build India’s most scalable franchise-first restaurant growth platform, Burger Singh said in a press release. Burger Singh runs a hybrid model with both company-owned and franchise-led outlets, serving a range of burgers, momos, fries, beverages, and desserts. The chain currently has over 200 outlets across 75 cities and aims to scale its footprint to more than 1,000 outlets by 2026. “India has no shortage of entrepreneurs. What it lacks is enough high-quality operating platforms that allow those entrepreneurs to succeed in the restaurant business at scale. That is the gap we are solving,” said Kabir Jeet Singh, Founder and CEO of Burger Singh. The company has reported 50% year-on-year growth to Rs 117 crore in FY25 from Rs 78 crore in FY24. Meanwhile, the net losses of the firm shrank by 86% to Rs 3.86 crore in FY25. It competes with both global and local QSR chains (quick service restaurants) such as McDonald’s, Burger King, Wendy’s, Jumboking, Wat-a-Burger, Burgernama, and several others.

Coffee-first beverage brand Drickle raises Rs 6 Cr in seed round

EntrackrEntrackr · 2m ago
Coffee-first beverage brand Drickle raises Rs 6 Cr in seed round
Medial

Bengaluru-based coffee-first beverage QSR brand Drickle (formerly BONOMI) has raised close to Rs 6 crore in seed funding through equity. The round saw participation from multiple angel investors and operators, including Param Kandhari, Naresh Krishnaswamy, Abhinav Mathur, Hemanshu Jain, Vinay Bhopatkar, Vaibhav Sisinty, Dalvir Suri, and Rishit Jhunjhunwala. Shaili Chopra also participated via Ideabaaz. In April 2025, Drickle had earlier raised Rs 5.3 crore with an additional Rs 50 lakh coming in as an extension of the round via Ideabaaz. The fresh capital will be used to expand Drickle’s outlet network in Bengaluru, strengthen backend manufacturing, build leadership and operations teams, and invest in marketing and brand building. Founded by Rahul Nijhawann and Vardhman Jain, Drickle operates seven compact-format outlets across Bengaluru. Each outlet spans 150–200 sq ft and is clustered within micromarkets to drive high-frequency consumption. The brand operates in the Rs 100–150 price range. Drickle follows a coffee-first model, offering fresh-brewed flavoured coffees, while also selling matcha, boba, and Thai tea beverages. The brand runs an owned backend manufacturing facility in Bengaluru, producing coffee brewing solutions and key ingredients in-house. This allows Drickle to operate asset-light outlets without espresso machines and maintain tighter control over margins and supply chain.

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