Good Flippin’ Burgers has introduced a contemporary spherical of funding of 1,000,000 {dollars}. The new spherical of seed funding was led by Nikhil Bharadwaj, director, Kerala Blasters Football Club, Karan Bhagat, founder, MD and CEO, IIFL Wealth and Asset Management, and Yatin Shah, co-founder and joint CEO, wealth administration enterprise, IIFL Wealth and Asset Management. Participants within the spherical included Manish Hathiramani, index dealer, Deen Dayal Investments together with names from the Mumbai leisure trade corresponding to Kiran Desai (common council, Netflix India), Vikram Malhotra, Mamta Anand, and Vedant Bali.
For Sid Marchant, co-founder, Flippin’ Burgers, they began with the straightforward goal of making a model that serves nice burgers which are priced proper. “As we grew our patrons one burger at a time, we attracted investors who loved our food and wanted to be a part of our growth journey. With the additional funds we will look at expanding in multiple formats – cloud, hybrid, dine in, malls and airports across multiple cities along with strengthening our supply chain. We are grateful for the trust our existing and new investors have shown in us and we intend to keep earning it every day by replicating the product and experience we are all proud of,” he added.
The contemporary spherical of funding brings the tally as much as $1.1 million raised through CCD (obligatory convertible debenture) together with including names from the funding group and credibility for the model. Started by Viren DSilva, Sijo Mathew and Sid Marchant the model is a dream come true for all three who left their company jobs to flip a terrific burger.
“Being fortunate to travel the world with tennis I’ve tasted burgers around the world, and I can safely say that Good Flippin’ Burgers are among the best in the world. As one of the early investors, I am happy to continue this journey with them as they march onwards towards other cities and into Bangalore soon,” Rohan Bopanna, tennis participant and investor, said.
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Source: www.financialexpress.com”