Burma Burma Raises Rs.25.46 Crore to Expand Footprint, Eyes IPO by 2027

Mumbai-based restaurant chain Burma Burma has raised INR 25.46 Cr (around $3 Mn) in a fresh funding round led by Negen Capital. NV Alpha Fund Management and other high net worth individuals (HNIs) also participated. With the goal of growing its restaurant portfolio to 24 by the end of FY26, the company intends to use the additional funding to broaden its reach over the course of the following 15 months.

Ankit Gupta and Chirag Chhajer founded Burma Burma in 2014, serving Burmese food. Right now, they run 12 eateries and delivery kitchens in major cities like Ahmedabad, Hyderabad, Kolkata, Bengaluru, Mumbai, and Delhi NCR.

“The focus is to take the company to Rs 300 crores in revenue within two financial years while achieving more than 18% EBITDA margin. This funding will be a catalyst in bringing our vision to life as we aim to be IPO-ready by 2027,” said Chirag Chhajer.

This funding comes months after Burma Burma Restaurant and Tea Room received $2 million from a number of family offices, including Negen Capital, an existing investor.

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