Burger Singh is a quick-service restaurant that offers a variety of burgers across India. The startup announced a 34.4 percent increase in its operational revenue to Rs 77.7 crore in FY24. The firm provides burgers incorporating Indian ingredients and flavors to create a diverse customer base. The company’s primary source of revenue was the sales from its stores, franchise services, and franchise goods sales.
The startup also earns its income through food and beverages accounting for 48 percent of the total operating revenue in FY24. Entrackr reported. The company operates in a quick-service restaurant model. These sales for this financial year increased by 60 percent and the sale of franchise stores also increased and stood at Rs 28.6 crore in this financial year. However, the net loss also increased by 531.2 percent compared to the last fiscal year and stood at Rs 27.9 crore in FY24. The startup earned Rs 10.81 crore from sales of franchises increasing the total income in the same duration.
Burger Singh offers an online platform and offline stores emphasizing customer service. The company also provides options for franchise and bulk order opportunities. The company also offers customized and home delivery options to its customers. The total expenditure of the firm increased by 43.7 percent to Rs 91.1 crore in FY24. The cost of procurement accounted for 43 percent of the total cost and grew by 31.3 percent to Rs 39.2 crore in FY24.
Employee benefits grew by 54 percent following the increase in workforce and stood at Rs 18.37 crore for this financial year. The advertising, legal, secondary packaging, transportation, commission, and other expenses pushed the total expenditure to Rs 91.1 crore in FY24. The Gurugram-based startup has raised around 17 million USD across 12 funding rounds, including $3.75 million secured from RB investments, Negan Capital PMS, and other investors during its series A funding round.
The food and beverages startup focuses on improving its brand presence and customer service. The startup plans to minimize losses through its cost-cutting measures. The EBITDA margin stood at -30.94 percent while the ROCE was reported to be around -94.76 percent in the same duration. Burger Singh posted cash and bank balances of Rs 19.51 crore. The company faces competition with other burger manufacturing restaurants such as Good Flippin and McDonald’s.
Conclusion :
Burger Singh is a quick-service restaurant chain that reported a 34.4 percent increase in operational revenue to Rs 77.7 crore with a net loss of Rs 27.9 crore in FY24. This online platform offers various burgers with Indian Flavors and ingredients. These food and beverage sales with franchise services are the company’s primary sources of revenue.
The firm’s total expenditure increased by 43.7 percent and crossed Rs 91.1 crore in the same duration. Employee benefits increased by 54 percent in this financial year. The company offers a variety of burgers meeting a diverse audience. Burger Singh competes with other food and beverage platforms such as McDonalds.
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