Burger Singh raises $1million from existing shareholders

NEW DELHI: Tipping Mr Pink Pvt Ltd owners of Fusion Burger Chain " Burger Singh" have secured additional investment taking the total fund raise to $1 million in FY 2016.

Existing investors including Ashvin Chadda, Rahul Singh of Beer café, Redcliffe Capital's Dheeraj Jain, Rannvijay Singh, Captain Salim Sheikh and Avtar Monga, COO of IDFC Bank participated in the round that closed in August.

The money raised will be used to support Burger Singh's expansion. Burger Singh is eyeing a 'Series A' round of $ 5 million at a later stage for further expansion.