Burma Burma raises Rs 38 Cr in funding

Speciality restaurant chain Burma Burma has raised over Rs 38 crore in funding from Negen Capital, along with new investors Endurance Capital and Coheron Wealth.

Burma Burma will use this capital for expansion into new cities and strengthen presence in existing markets. Founded in 2012, Burma Burma operates 21 restaurants across Delhi NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Ahmedabad, and Chandigarh, and has built a niche positioning in India’s premium casual dining segment with a focused Burmese cuisine offering.

According to a statement from this restaurant chain, it has registered annual recurring revenue exceeding Rs 200 crore at a compounded annual growth rate of around 50% over the last three years. For FY25, the business recorded outlet-level profitability of over 21% and EBITDA margin of around 8%.

It claimed that valuation has increased from Rs 150 crore to Rs 500 crore over the past three years.

On the fund raise, Burma Burma co-founders Chirag Chhajer and Ankit Gupta said, “We have spent the last several years building Burma Burma as a differentiated, cuisine-led dining brand with a strong focus on consistency, unit economics, and customer experience.”

The co-founders noted that as consumer preferences continue to shift towards premium and experience-led dining, they see significant headroom to scale the brand while maintaining the quality and distinct positioning.

On the funding into Burma Burma, Neil Bahal, Founder of Negen Capital said, "Burma Burma has always stood apart in a crowded dining landscape. While the industry drifts toward centralised kitchens and frozen ingredients, they remain committed to cooking fresh and that discipline shows.Their stronger moat, though, is their menu.”