Tipping Mr Pink, the parent company of QSR brand Burger Singh, has secured an undisclosed amount in a pre-Series B funding round, elevating its valuation to $52 million. This funding round was led by Turner Morrison Ltd, with participation from Homage Ventures LLP, the family office of Aditya Ghosh and RB Investments, the family office of Rajesh Bothra, Vikramaditya Mohan Thapar family trust, VM Salgaocar & Brother’s Family Office and Sunjay Kapur’s family office. 

Existing investors who also joined included The Convergence Foundation’s CEO Ashish Dhawan, Negen Capital, singer Jasleen Royal, actor Rannvijay Singh, Rukkam Capital, Ashvin Chadha, co-founder of Anicut Capital, Mumbai Angels, and Lest Ventures.  

Kabir Jeet Singh, founder of Burger Singh, said, "Our expansion is not just about scaling up; it's about innovating and evolving in the QSR space. The 'Burger Singh Express' model is a crucial part of this vision."

The brand currently has over 150 stores across the country, including locations in Shillong, Guwahati and Jammu. Upcoming openings will take place in Bangalore, Pune, Hyderabad and Mumbai. 

This network makes it the third-largest burger chain in India, behind two global giants in this space. The company is on track to close the financial year with $18 million in QSR sales.

The Burger Singh Express kiosks, measuring 100 square feet, require no water drainage or other utilities besides an electrical connection, making them highly adaptable and cost-effective. "These kiosks reduce the traditional risks associated with location, fit-out costs and high rentals, ensuring our franchisees can achieve a faster return on their investment," added Singh.

In the next 60 days, Burger Singh plans to deploy 15 of these kiosks at various metro stations in Delhi, with intentions to expand to high-traffic areas like universities, malls, hospitals, and airports. This move aligns with the company's franchise-led model, which is focused on risk mitigation and maximizing franchise ROI.

Significantly, this funding round serves as a precursor to a major financial milestone. Burger Singh is gearing up for a $10 million fundraising initiative slated for December 2024 to underscore its commitment to growth and innovation in the QSR sector.