INDIA – Quick service restaurant start-up Burger Singh, says it plans to increase the number of employees by 430 as it unveils plans to open 100 more outlet within the next three year.
“We are planning to hire about 430 employees before the calendar year 2019 ends. In addition, we are planning to open 100 outlets within the next three years.
We are planning to expand our operations to more
cities in India, which would demand additional manpower to manage the new
outlets, and will be hiring aggressively to support our growth,” said
Burger Singh Chief Executive Officer, Kabir Jeet Singh.
Singh also said that the company is on the lookout for a chief operating
officer and a chief financial officer, positions that it wants to fill in the
next six months.
“We plan to hire resources across all profiles, for delivery and outlets,
pan-India and for the corporate office.
Financial year 2019-20 is expected to be a landmark year for Burger Singh, and we are looking at growing our operations and revenues at least by double” said Singh.
The Gurugram-based company, the company is close to zeroing in on a banker for the next round of fundraising aiming to raise US$7million which would be a round in between a Series A and B.
Earlier, the company raised over $4 million in two rounds of pre-seed funding and series A funding from both strategic and angel investors.
Known for selling burgers with Indian flavours, Burger Singh intends to stick to the delivery or takeaway model.
“We are known for Indianising the burger. We want to cater to an Indian audience and that means providing great taste, value for money and loads of options for vegetarians,” said Singh.
The company which operates 25 outlets in Delhi-NCR, Jaipur, Dehradun, Nagpur and Pune had a revenue of US$ 1.4 million in 2017-18 and expects to close this financial year by around US$ 3.5 million.
Singh added that the company is likely to break even by March.
