Aims to open 200 outlets by the end of 2025 with a presence across 50 cities
99 Pancakes, India’s premier QSR chain specialising in pancakes, has announced that it has successfully raised INR 200 million in a recent Series A funding round. This significant investment is received from the family office, which will fuel the company’s ambitious pan-India expansion strategy, focusing on increasing its presence in Tier 1 cities and beyond.
With this new capital, 99 Pancakes aims to significantly scale its operations across the country. The company is set to add 50 new outlets by the end of the current year and 200 outlets by the end of December 2025 via the company. The company aims to expand geographic coverage to 50 cities across India, making 99 Pancakes a recognisable and beloved brand nationwide. The company will expand its presence by opening company-owned outlets and associating with master franchisees in different regions.
In the current month, 99 Pancakes has opened 4 new outlets, marking a successful month of growth. The momentum will continue into September with plans to launch an additional 8 outlets. The company’s current expansion efforts are centred on the state of Gujarat, with new locations slated for Ahmedabad, Vadodara, Anand, Surat, and Vapi.
99 Pancakes continues to innovate and expand its offerings, aiming to provide exceptional dining experiences while reaching new heights in the Indian café sector.