Burger Singh expansion plans revealed - 450 jobs, 100 outlets, and funding of this amount
Burger Singh: Presently, 280 employees are working at its outlets across India. The total number of outlets are 27 out of which 25 are in Delhi NCR, Jaipur, Dehradun, Nagpur and Pune.
Fast food chain Burger Singh today announced its expansion plans for the next three years. The company will be hiring over 450 employees by 2020 and setting up of 100 new outlets in the next three years.
Presently, 280 employees are working at its outlets across India. The total number of outlets are 27 out of which 25 are in Delhi NCR, Jaipur, Dehradun, Nagpur and Pune. When it comes to expansion, it aims to expand its footprint in regions like Delhi NCR, apart from Punjab, Chandigarh and Dehradun, said the company. The brand has also ventured in the UK with two outlets in London.
The Gurugram-headquartered company is planning to raise Rs 50 cr for expansion, hiring and to get the required technology.
"2019 is expected to be a landmark year for Burger Singh, and we are looking at growing our operations and revenues at least by double in the year. We are planning to expand our operations to more cities in India, which would demand additional manpower to manage the new outlets, and will be hiring aggressively to support our growth. Also, we need to multifold our staff in the corporate office, especially marketing, procurement and hiring teams, to keep up with the expansion, & business targets," said Kabir Jeet Singh, Co-founder and CEO of Burger Singh.
He said the company is planning to hire resources across all profiles, for delivery & outlets, pan-India and for the corporate office.
Burger Singh also plans to invest substantially in the burgeoning concept of drive-thrus, and launch 10 drive-thru outlets within the next three years.
“Consumer experiences are evolving, and the demand for swift and efficient food outlets has been validated by the popularity of drive-thrus. By 2022, over 10% of our outlets in the country will be drive-thru outlets,” added Singh.
Watch This Zee Business Video
The company had raised over $4 Million in two rounds of pre-seed funding, and Series A funding from both strategic & angel investors.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
02:32 PM IST