Burmese vegan restaurant chain Burma Burma has raised an additional $2 million in equity investment from several family offices, including Negen Capital. This follows a previous seed round of $2 million in November 2022, also led by Negen Capital.
Founded by Ankit Gupta and Chirag Chhajer, Burma Burma Restaurant and Tea Room aims to make Burmese cuisine accessible to all, offering a unique and wholesome dining experience. The Mumbai-based company has rapidly expanded to major metros, including Delhi, Noida, Gurugram, Bengaluru, and Kolkata, and continues to broaden its presence across India.
Burma Burma now operates 13 restaurants and delivery kitchens in key locations such as Delhi, Gurugram, Noida, Mumbai, Bengaluru, Hyderabad, Kolkata, and Ahmedabad. Over the past year, the company has significantly grown, doubling its footprint and increasing its annual recurring revenue (ARR) from Rs 46 crore in FY23 to over Rs 100 crore in FY24.
The company reported an EBITDA of over 13% in July and aims to achieve a monthly EBITDA of over 15% for FY25. This latest round of funding will support further expansion and enhance the dining experience for its patrons.
Burma Burma continues to fulfill its vision of offering more than just a restaurant, providing an interactive dining experience that engages customers on multiple levels.
