Burger Singh denies Rs 47 crore funding report with viral statement

• 21 Jul 2025
• 497 Views

Homegrown burger chain Burger Singh recently humorously denied an Entrackr report that claimed the business raised Rs. 47 crore (around $5.5 million) in a fresh round of funding. The confusion started when a media report, on 17 July, cited an MGT 14 filing with the Ministry of Corporate Affairs (MCA). The MGT form signals intent to raise funds. However, it’s just an ‘intent’. It is not a transaction. (You can learn more about MGT 14 Form Here.)

Burger Singh said, “Legally speaking, a MGT-14 is a pre-offer document, not a receipt. It’s an invitation. The investors still have to say yes, transfer the funds, and sign on the dotted line. None of that has happened yet. So any report implying otherwise is premature and frankly, misleading.” 

The burger chain explained, “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.”

That’s not all. The burger chain decided to throw in a funny cricket reference as well. It said, “This is like reporting that India had won the match right before [Mohammed] 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.”

The company mentioned that they have not received any final commitment from the investors. No money transfer has been made, and no documents have been signed so far. They said thinking of regulatory filing as a closed deal is like announcing a marriage simply because someone has made a Shaadi.com profile.

The Founder and CEO Kabir Jeet Singh said, “If listing a share offer means we’ve raised the money, then by that logic, every bachelor on Shaadi.com is already married. And I suppose I’m also the Maharaja of Jaipur just because I looked at a palace on Google Maps last week.”

The statement concludes clearly. Although it hasn't happened yet, Burger Singh may raise money soon. And they will say so without using any metaphors when the fundraising happens.

“We admire journalistic enthusiasm, but jumping the gun based on regulatory filings without confirming actual transactions is, to put it gently, trigger-happy reporting. It’s like reviewing a restaurant based solely on the smell wafting from the kitchen.”

With more than 175 locations and a goal to reach 1,000 by 2026, it is clear that Burger Singh is definitely on the rise. However, it’s their press release, rather than their burgers, to go viral this time. The punchlines definitely arrived, even though the money didn't.

Source: India Today