99 Pancakes Bags Rs 200 Mn to Expand Across India

99 Pancakes, a leading QSR chain in India, has raised Rs 200 million in a Series A funding round. The investment, secured from a family office, will support the company’s pan-India expansion strategy, focusing on broadening its presence in Tier l cities and beyond.

With this infusion of capital, 99 Pancakes plans to significantly scale its operations nationwide. The company aims to open 50 new outlets by the end of the year and expand to 200 outlets by December 2025. The expansion will target 50 cities across India, enhancing the brand's recognition and reach. The company will open new outlets both through company-owned stores and partnerships with master franchisees.

In August, 99 Pancakes launched four new outlets, and the expansion momentum is set to continue with eight additional outlets planned for September. Current efforts are concentrated in Gujarat, with new locations in Ahmedabad, Vadodara, Anand, Surat, and Vapi.

Vikesh Shah, Founder of 99 Pancakes said, “With the support and trust of our team, we embark on this exciting phase of growth. This funding will enable us to enhance our operations and accelerate our expansion plans, bringing the unique pancake experience to more cities and more customers across India and become a household name.”

99 Pancakes is committed to expanding its offerings and delivering exceptional dining experiences as it continues to grow within the Indian café sector.