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Good Flippin' Burgers raises $4 million in Series A Round
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Saturday, 24 June, 2023, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Good Flippin' Burgers, the renowned burger chain celebrated for its mouth-watering burgers, has successfully raised $4 million in its latest Series A round of funding via Tanglin Venture Partners. This cash infusion not only bolsters the company's financial resources for growth but also solidifies its ambitions as it continues its journey of becoming the most loved burger brand in India. The company raised $1 million in April 2022 and have grown 3X this past year.
The company is founded by Viren Dsilva, Sijo Mathew, and Sid Marchant, who left their corporate careers to pursue their dream of serving the perfect burger. Looking towards the future, it has set ambitious plans for the next 12 months post this round of funding.
The company will primarily concentrate on geographical expansion, reinforcing its supply chain, and further refining its dining and quick service models. These strategic initiatives will position the brand as a dominant player in the market, poised to meet the growing demand for delicious burgers across diverse regions. Ashika Capital was a financial advisor to this round.
"We are thrilled to have secured this funding and garnered the support of respected investors," Viren DSilva, co-founder, Good Flippin' Burgers, said as he commented on the latest round. "This investment is a significant milestone for us and will empower us to expand our operations, fortify our supply chain, and bring our delicious burgers to an even wider customer base. We are grateful for the overwhelming love and support we have received from our loyal patrons and will continue to keep delighting them with our product portfolio."
“Viren, Sid and Sijo are exceptional founders with extreme customer obsession and process orientation. They have built a strong brand in Good Flippin’ Burgers with extraordinary customer love. We are really impressed with their focus on supply chain capabilities which has enabled them to maintain highest level of quality as well as consistency across their store footprint. At Tanglin, we are extremely excited to be partnering with the team and look forward to working with them towards building an enduring business,” said Sankalp Gupta, partner at Tanglin Venture Partners.
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