Good Flippin’ Burgers to raise ₹55 crore at nearly ₹481 crore valuation

Mumbai-founded QSR chain Good Flippin’ Burgers is set to raise fresh capital from S.R. Foundation at a 20% valuation premium. The 67-store burger brand operates across Mumbai, Delhi NCR, Pune, Bengaluru, Hyderabad and Chennai.

— Source publishedMon, 31 Aug, 2026, 09:17 IST·First seen Mon, 31 Aug, 2026, 09:18 IST·Source Entrackr

What happened

Good Flippin' Burgers will raise Rs 55 crore from S.R. Foundation at a 20% premium, valuing the QSR chain near Rs 481 crore. The Mumbai-founded brand operates

Key facts

  • Rs 55 crore fresh capital
  • 20% valuation premium
  • 58,668 CCPS
  • Rs 9,374.77 issue price per share
  • approximately Rs 481 crore Series B valuation
  • Rs 400 crore extended Series A valuation
  • Rs 30 crore extended Series A funding in April 2024
  • 67 outlets
  • FY25 revenue Rs 111 crore versus Rs 32.5 crore in FY23
  • FY25 loss Rs 18.32 crore versus Rs 3.91 crore in FY23

Why this matters

With a presence across six major markets and fresh growth capital, Good Flippin’ Burgers becomes a more relevant partnership, platform or competitive-watch candidate in India’s organized QSR segment.

What to watch

  • Net store additions and whether expansion remains concentrated in existing cities or enters new markets.
  • Same-store sales growth, average order value and delivery-versus-dine-in mix.
  • Store-level EBITDA, new-store payback periods and rent-to-sales ratios.
  • Evidence of new formats such as smaller delivery-first units, food courts or franchise partnerships.
  • Timing and valuation of the next funding round, including participation by institutional consumer investors.
  • Open additional outlets in high-density catchments across Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad and Chennai.
  • Invest in central production, supply-chain standardization and technology to protect consistency as store count rises.
  • Increase spend on digital acquisition, delivery-platform visibility, loyalty and repeat-order programs.
  • Pursue a larger institutional growth round once capital deployment and store-level economics are demonstrated.

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