Burger Singh Refutes Report of ₹47 Crore Fundraise with Wit and Clarity

Homegrown burger chain Burger Singh has denied a report by Entrackr that claimed the company had raised ₹47.15 crore in fresh funding. In a sharply worded—and refreshingly humorous—press release, the company clarified that no such deal has been finalized yet.

“We’re flattered. Truly. But unfortunately, and quite factually, that’s not true. Not yet, at least,” the statement read, poking fun at the excitement around the “exclusive” report published on July 17, 2025.

The Misread Filing: A Case of Mistaken Signals

Burger Singh explained that the confusion stemmed from a misinterpretation of a MGT-14 form filed with the Ministry of Corporate Affairs (MCA)—a regulatory document that indicates intent to offer shares, but does not confirm any money has been raised.

“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.”

The company also used a cricket analogy to underscore the premature nature of the report:

“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.”

‘Jumping the Gun,’ Says Burger Singh

The brand accused Entrackr of “jumping the gun” by treating a regulatory intention as a completed deal—likening it to “reviewing a restaurant based solely on the smell wafting from the kitchen.”

The report in question claimed that the funding round was co-led by Negen Value Fund and Nine Rivers Capital, with Rhodium Trust and 19 other investors also participating.

While Entrackr reportedly attempted to reach CEO Kabir Jeet Singh via WhatsApp, the chain humorously noted:

“Kabir receives more unknown-number WhatsApps than a housing society aunty gets forwarded videos during Navratri. If he stopped to reply to all of them, that’s all he’d be doing all day.”

In Summary: Not Yet, But Stay Tuned

Burger Singh concluded with a clear message:

“Legally speaking, a MGT-14 is a pre-offer document, not a receipt. The investors still have to say yes, transfer the funds, and sign on the dotted line. None of that has happened yet.”

And a final promise:

“We’ll announce the fundraise when it’s real.”