Gurugram -India, located start-up, Junket Foods Pvt Ltd. which is a proprietor of a burger chain Burgerama announced on 14th September, 2020, that it has secured an undisclosed amount of funding led by the enterprise funds Madison Capital with Anicut Angel Fund in a pre-series A round.
The start-up claims to utilize the investment received for expansion in Delhi/NCR area by renting extra folks and also to develop backend operations to help the subsequent section of progress.
The round was led by Madison Capital which is a Venture Firm primarily located in Singapore and New Delhi owned by Entrepreneur Rishabh Malik (ex co-founder of Droom) together with Anicut Angel Fund which is based in New Delhi and Chennai.
Other participants include Madhur Singhal (head of Partnership for OYO in APAC) and a group of different strategic buyers have also joined the round.
Founder and Managing Associate of Madison Capital, Rishab Malik, commented, “The Burgerama boys have introduced a delivery-first, premium-fast food expertise to Delhi NCR and we’re excited to be partnering with this staff. Their attention to prime quality, contemporary and juicy burgers is extraordinarily spectacular and commendable and we’re excited to launch new product strains and additionally scale geographically with the model within the coming years.”
The burger category is especially rising and more and more customers are resonating with the product within the country.
Last 12 months in November, Burger King India had mentioned that they count on the trade to develop very exponentially within the coming 12 months due to the expansion within the meals supply companies.
Co-founder of Burgerama, Kabir Bose claims that their business model resonates with people who crave for genuine and worldwide flavors.
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