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FMCG companies and food services chains head to Ayodhya, Retail News, ET Retail

Expecting an 8-10-fold surge in tourism and floating (visiting) population of the city, FMCG companies and food services chains are heading towards Ayodhya ahead of the Ram temple consecration on January 22. Data by the UP Tourism Department shows that while 325,000 tourists visited Ayodhya in 2021, the number surged to 23.9 million the following year.

Ayodhya: FMCG companies and food services chains head to Ayodhya

Expecting an 8-10-fold surge in tourism and floating (visiting) population of the city, FMCG companies and food services chains are heading towards Ayodhya ahead of the Ram temple consecration on January 22. Data by the UP Tourism Department shows that while 325,000 tourists visited Ayodhya in 2021, the number surged to 23.9 million the following year.

QSR chain Burger Singh snags pre-Series B funding

Tipping Mr Pink Pvt Ltd, which operates the quick service restaurant (QSR) brand Burger Singh, said Thursday it has raised an undisclosed amount in a pre-Series B funding ..

QSR brand Burger Singh raises an undisclosed amount in pre-series B funding, valuation soars to $52 million, ET Retail

"Our expansion is not just about scaling up, it s about innovating and evolving in the QSR space. The Burger Singh Express model is a crucial part of this vision," said Kabir Jeet Singh, founder of the company.

Burger Singh plans 250 new outlets, to raise $10m in Series B

“Even though the company has a runway in terms of funds for the next three years, raising capital takes at least a year… So, if we start the process in 2024 it will take another 8 to 10 months for the funds to flow in,” Singh said.

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