Burma Burma is currently operating 12 outlets across major Indian cities. Credit: Kravtzov/Shutterstock.

Burma Burma, a Burmese restaurant chain in India, has raised Rs254.6m ($2.94m) in equity funding to expand its presence nationwide.  

The investment round was led by Negen Capital, with contributions from NV Alpha Fund Management and several high-net-worth individuals (HNIs), as reported by YourStory.  

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This financial boost aims to support the brand’s expansion strategy, targeting a total of 24 outlets by the financial year 2026. 

Burma Burma currently operates 12 outlets across major Indian cities.  

In December 2024, the company reported revenues of Rs105m ($1.21m). 

The company’s outlet-level operating profit margin stood at more than 28%, alongside an EBITDA (earnings before interest, taxation, depreciation and amortisation) margin of 19%. 

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Burma Burma co-founder Chirag Chhajer said: “The focus is to take the company to Rs3bn in revenue within two financial years while achieving an 18% + EBITDA margin. This funding will be a catalyst in bringing our vision to life as we aim to be IPO [initial public offering]-ready by 2027.”  

For the financial year 2024, Burma Burma posted revenues of Rs740m and anticipates a significant growth rate of 50% for the following year.  

The latest funding round was facilitated by investment bankers Sarthak Ahuja and Aditi Randev from Niamh Ventures, along with Negen Wealth’s BV Raman. 

Burma Burma co-founder Ankit Gupta stated: “We are building a brand that will lead the way for novel cuisine concepts in India and beyond. While Burmese cuisine remains our core offering, we are thrilled to be working on new projects that will expand our culinary portfolio.”  

In September 2024, Hunger Pangs, the parent company of Burma Burma, had secured $2m in equity and was on the lookout for an additional $3m.