Rannvijay Singh invested in the food chain back in 2016 when the company raised $1 million from investors such as Ashvin Chadda from Beer Café, Dheeraj Jain from Redcliffe Capital, among others
Renowned Indian television actor Rannvijay Singh recently made a significant financial gain, achieving a 10x return on his partial exit from his investment in the popular burger chain, Burger Singh.
The actor invested in the food chain back in 2016 when the company raised $1 million from investors such as Ashvin Chadda from Beer Café, Dheeraj Jain from Redcliffe Capital, among others.
The company said in its statement that his contribution, along with other investors, facilitated the expansion of its operations.
Singh's involvement has been more than financial; he has been an active supporter of the brands he invests in, often leveraging his popularity and business savvy to promote and grow these companies. His investment in the company was aligned with the growing trend of functional food and beverages in India, with a focus on innovative products and marketing strategies, the statement added.
Speaking about his successful investment strategy, Rannvijay Singh commented, “Investing in Burger Singh was a decision driven by my belief in the brand’s potential and its unique approach to the Indian fast-food market. The impressive growth of the company and the successful partial exit is a testament to the hard work of the Burger Singh team and the solid business model they have established.”
This exit comes alongside Rannvijay Singh's other notable investments in start-ups like Rage Coffee, Ultravilotte, Hypd, Noto, Assembly, ABC Fitness, Eyewearlabs, Whiskers, Leverage Edu showcasing his role as an influential figure in the start-up community and his commitment to nurturing entrepreneurship in India.
In December last year, the company raised pre-Series B funding in a round led by trading company Turner Morrison Ltd, with participation from Homage Ventures LLP – Office of Aditya Ghosh. The funding round also involved contributions from current investors, including Ashvin Chadha of Anicut Capital, Vikramaditya Mohan Thapar of Thapar Family Trust, Mumbai Angels, and LetsVentures.
After the round, the company stated that the funding increased its valuation to $52 million (approximately Rs 433 crore) from its previous valuation of $23 million in July 2022.