Good Flippin’ Burgers to Raise Fresh Capital at Rs. 480 Cr Valuation
2 min read
Funding Alert
Key Takeaways
- Good Flippin’ Burgers is raising Rs 55 crore from S.R. Foundation, lifting its valuation to about Rs 480 crore.
- The round values the company roughly 20% higher than its April 2024 extended Series A, which valued it near Rs 400 crore.
- S.R. Foundation, a Delhi-based charitable trust linked to the DS Group promoter network, will subscribe to 58,668 CCPS at Rs 9,374.77 per share.
- Founded in Mumbai in 2019, the chain now runs 67 outlets across six major Indian cities and competes with Burger Singh and Burgrill.
Mumbai‑based quick‑service restaurant chain Good Flippin’ Burgers is set to raise ₹55 crore from S.R. Foundation, lifting its valuation to roughly ₹480 crore. The brand plans to speed up its expansion across India.
S.R. Foundation is a Delhi‑headquartered public charitable trust that operates as an investment platform. It is led by corporate trustee Rajiv Kumar Gupta and is linked to the DS Group promoter network.
This transaction values the company about 20% higher than its previous round. After a ₹30 crore extended Series A in April 2024 managed by Tanglin Venture Partners, Good Flippin’ Burgers was valued near ₹400 crore.
The board has approved the issuance of 58,668 compulsorily convertible preference shares (CCPS) at ₹9,374.77 per share to S.R. Foundation.
The funds will be used for growth initiatives and corporate requirements. Founded in Mumbai in 2019, the chain now operates 67 outlets in Mumbai, Delhi NCR, Pune, Bengaluru, Hyderabad and Chennai.
While expanding and preparing for competition in India’s quick‑service restaurant sector, the company faces rivals such as Burger Singh, Burgrill, Louis Burger and various regional and cloud‑kitchen players.
Revenue rose from ₹32.5 crore in FY2023 to ₹111 crore in FY2025—more than a three‑fold increase—while losses widened from ₹3.91 crore to ₹18.32 crore over the same period.
The fresh capital will support the next phase of expansion in India’s fast‑growing QSR market. Financials for FY26 have not yet been disclosed, so post‑expansion performance remains unclear for now.
