Burger Singh Denies Reports of ₹47 Crore Funding Round
Homegrown quick-service restaurant chain Burger Singh has denied recent media reports claiming it has raised ₹47.15 crore in a new funding round. The report, published by startup news platform Entrackr on July 17, 2025, alleged that the company had successfully secured the fresh capital from a group of investors, including Negen Value Fund and Nine Rivers Capital. However, in a press statement laced with humor and analogies, Burger Singh categorically refuted the claims, calling the report premature and misleading.
A Misinterpretation of MCA Filings
According to Burger Singh, the erroneous reporting appears to stem from a misreading of an MGT-14 form filed with the Ministry of Corporate Affairs (MCA). The MGT-14, the company explained, is merely a procedural step that signals the company’s intention to issue shares to potential investors. It is not an indication that the funding has been secured.
Using a relatable analogy, the chain clarified, “It’s the corporate equivalent of listing your house on 99acres. It simply means: we’re open for business. It does not mean the house is sold, the money is in the bank, and we’re lighting cigars with ₹2000 notes.” This colorful comparison effectively conveyed the distinction between intent and execution in corporate filings.
Cricket Analogy Drives the Point Home
To drive the point further, Burger Singh invoked a cricket reference that would resonate with every Indian fan still reeling from the heartbreak of close matches. “To use a cricket analogy, this is like reporting that India had won the match right before Siraj took guard against Shoaib Bashir’s second-last ball of the 75th over. Sometimes the ball trickles back and knocks off the bails. And so do your hopes.” This metaphor highlighted how announcing victory before the final step can often end in disappointment.
No Funds Transferred, No Deals Finalized
Legally speaking, the company emphasized that an MGT-14 filing is a pre-offer document—an invitation to invest, not a confirmation of funds received. “The investors still have to say yes, transfer the funds, and sign on the dotted line. None of that has happened yet,” the chain stated, reiterating that no part of the deal has been finalized.
Entrackr’s original report suggested that the round was co-led by Negen Value Fund and Nine Rivers Capital, with Rhodium Trust and 19 other investors joining in. However, Burger Singh dismissed the speculation as jumping the gun, comparing it to “reviewing a restaurant based solely on the smell wafting from the kitchen.”
CEO Unavailable Amid Flood of Messages
The company acknowledged that Entrackr had reached out to CEO Kabir Jeet Singh via WhatsApp, but humorously added that Singh receives more unsolicited messages than “a housing society aunty gets forwarded videos during Navratri.” Given the flood of unknown-number messages, responding to each one isn’t always feasible, the chain remarked.
A Clear Message to Investors and Media
In a closing statement, Burger Singh reaffirmed its commitment to transparency and clarified that an official announcement would only be made once a deal is finalized. “We’ll announce the fundraise when it’s real,” the release concluded, underlining the company’s position on the matter.
The episode serves as a reminder for media outlets to verify corporate filings more rigorously before reporting them as confirmed transactions. It also showcases Burger Singh’s distinctive voice—combining legal clarity with sharp wit—in navigating public relations in the startup ecosystem.
