Actor Rannvijay Singha Partially Exits Burger Singh With 10X Returns

SUMMARY

Rannvijay Singha first invested in the startup in 2015 when he participated in Burger Singh’s $386K funding round that also saw participation from other investors

There was no clarity on who picked up Singha’s stake in the company and at what valuation

Singha is an active angel investor and has also invested in startups such as Rage Coffee, Ultraviolette, Hypd, an Leverage Edu

Actor Rannvijay Singha has partially exited quick service restaurant (QSR) chain Burger Singh with 10X returns.

“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,” said Singha.

Singha first invested in the startup in 2015 when he participated in Burger Singh’s $386K funding round that also saw participation from other angel investors.

In a statement, the burger chain said that Singha’s investment was aligned with the growing trend of functional food and beverages in India, with a focus on innovative products and marketing strategies.

There was no clarity on who picked up Singha’s stake in the company and at what valuation. It also could not be ascertained as to how much stake Singha is still left with in the QSR chain.

The announcement comes just weeks after Burger Singh raised an undisclosed amount of funding in its pre-Series B round led by trading company Turner Morrison. The round valued Burger Singh at $52 Mn, more than double of $23 Mn at which it was valued in July 2022.

Founded in 2014, Burger Singh currently has over 150 outlets in over 65 cities, including Delhi NCR, Lucknow, and Jaipur. The startup competes with the likes of Burger King, McDonald’s, Subway, Domino’s, and KFC in the QSR space.

It is pertinent to note that Singha is an active angel investor and has invested in many startups such as D2C brand Rage Coffee, EV startup Ultraviolette, creator-focussed platform Hypd, and edtech startup Leverage Edu.

With this, the actor has joined the growing bandwagon of investors exiting or partially offloading their stakes in Indian startups.

While global VC and PE firms have been dumping their stakes in listed Indian new-age companies in droves, early-stage investment firm Venture Catalysts has exited or partially exited from insurtech startup Insurance Samadhan, edtech startup Cusmat, and automotive marketplace Koovers in the past one year.

In September last year, venture capital firm First Cheque partially exited D2C jewellery startup GIVA at a 75X return on the initial investment. Prior to that, Inflection Point Ventures also fully exited its stake in Koovers with an internal rate of return (IRR) of 47%.