Burma Burma Raises $2 Million in Equity Investment

• Burma Burma, a Burmese vegan restaurant chain, has secured $2 million in equity investment from family offices including Negen Capital.
• The startup had previously raised $2 million in its seed round in November 2022, led by Negen Capital and others.
• Founded by Ankit Gupta and Chirag Chhajer, the brand aims to provide a new, wholesome dining experience beyond just a restaurant.
• The Mumbai-based company plans to expand to other major metros like Delhi, Noida, Gurugram, Bengaluru, and Kolkata.
• Operating 13 locations across India, Burma Burma has doubled its footprint and annual recurring revenue, aiming for a monthly EBITDA of over 15% for FY25.

Source: Burma Burma