Plans to establish footprints across Delhi (NCR), Pune & Bengaluru in 2022
Mumbai-based Good Flippin’ Burgers has announced a fresh round of funding that amounts to $1 million, in its quest to become India’s most loved burger brand. The new round of seed funding is led by Nikhil Bharadwaj, Director, Kerala Blasters Football Club; Karan Bhagat, Founder, MD & CEO, IIFL Wealth & Asset Management; Yatin Shah, Co-Founder and Joint CEO, Wealth Management business at IIFL Wealth & Asset Management. Manish Hathiramani, Index Trader Deen Dayal Investments along with Respected names from the Mumbai entertainment industry also participated in this round. These included Kiran Desai (General Council, Netflix India), Vikram Malhotra, Mamta Anand and Vedant Bali.
The fresh round of funding brings the tally up to $1.1 million raised via CCD (Compulsory Convertible Debenture) along with adding respected names from the investment community and credibility for the brand.
Commenting on the fundraise, Sid Marchant, Co-Founder, Flippin’ Burgers said, “With the additional funds we will look at expanding in multiple formats – cloud, hybrid, dine in, malls & airports across multiple cities along with strengthening our supply chain”
The Good Flippin’ Burgers team currently has 7 outlets in Mumbai and a Central Kitchen with a head count of 100 and growing. Their menu includes 12 burgers, 13 sides and 3 shakes for vegetarians, non – vegetarians and vegans. Their dine in outlets serve an entire coffee & shake menu as well. Starting with the city of Mumbai, they intend to establish footprints across Delhi (NCR), Pune & Bengaluru in 2022.