Funding · Commerce & Consumer Brands

Good Flippin’ Burgers raises funds at 480 Cr valuation

By Startup Enthusiast · 31 August 2026

What they do

Good Flippin’ Burgers operates a chain of 67 quick-service restaurants serving burgers, wraps, and sides across six major Indian cities

The company is raising ₹55 crore in fresh capital from S.R

Foundation through the issuance of preference shares at a 480 crore valuation; this funding round represents a 20% valuation premium over the firm's…

Mumbai-based Good Flippin’ Burgers is raising ₹55 crore in fresh funding from the Delhi-based S.R. Foundation.
The board approved the issuance of 58,668 Compulsorily Convertible Preference Shares (CCPS) at a price of ₹9,374.77 per share.
The transaction values the company at approximately ₹480 crore, marking a 20% premium over its previous valuation.
The company intends to use these funds to fuel its business expansion and meet general corporate requirements.
This investment follows a period of rapid growth for the seven-year-old restaurant chain.

The company has seen its revenue grow more than 3.4 times between FY2023 and FY2025.
Annual revenues rose from ₹32.5 crore in FY2023 to ₹111 crore in FY2025.
Operating losses increased from ₹3.91 crore to ₹18.32 crore during the same two-year period.
The firm is preparing for increased competition in the Indian quick-service restaurant (QSR) market.

The company operates a chain of 67 outlets across Mumbai, Delhi NCR, Pune, Bengaluru, Hyderabad, and Chennai.
The menu features a variety of burgers, wraps, sides, shakes, and coffee beverages.
It employs over 600 staff members across its corporate and restaurant operations.
The business model focuses on both dine-in and delivery services to reach customers.
The brand positions itself as a provider of fresh, high-quality burgers in local neighborhoods.

The company plans to continue its expansion across India.
Management is focused on scaling operations to compete with other major QSR players.

S.R. Foundation (lead) — A Delhi-based public charitable trust and investment vehicle linked to the DS Group promoter network.