Burma Burma eyes significant growth following $2 million equity financing round

Burma Burma, the renowned Burmese food diningestablishment chain, is on an aggressive growth spree, following a effective $2 million equity financing round raised from numerous household workplaces.

In an interview with CNBC-TV18, Co-Founder Chirag Chhajer detailed an enthusiastic development strategy that intends to triple the diningestablishment’s existence throughout secret Indian cities over the next 3 years.

“We have currently signed 3 outlets which are coming up, and we are going to deploy the whole fundraise in opening brand-new diningestablishments,” Chhajer shared. This tactical financialinvestment will fuel the business’s prepares to open 12 to 14 brand-new outlets in the next 24 months, targeting significant markets such as Mumbai, NCR, Hyderabad, and Bengaluru.

“These are our 3 huge markets and Hyderabad is upcoming,” he included, highlighting the focus on areas where the brandname has currently developed a strong client base.

Founded a years ago, Burma Burma hasactually grown naturally, developing into the just Burmese diningestablishment chain in India and the biggest of its kind worldwide. “We are a 10-year-old start-up. We hadactually been bootstrapped for about 8 of those 10 years, and we’ve grown naturally, multi-city, and our idea has developed over the years,” stated Chhajer.

The business’s dedication to providing an special dining experience hasactually been a substantial aspect in its continual success. “If individuals like anything at Burma Burma, the just location they’ll get it onceagain is Burma Burma,” he stressed.

Financially, Burma Burma is in a robust position, with success being a core focus from the beginning. “We are a successful business. We have constantly been profit-conscious, and in July of 2024, we ended at a month-to-month combined E