Ace investor Ashish Kacholia has acquired a 17.2% stake in homegrown burger chain Jumboking, making him the second-largest shareholder. The funding, of an undisclosed quantity, was made via a secondary market transaction following Triton Fund’s exit from the agency.
Consultants estimate the transaction to be valued between Rs 70 crore and Rs 80 crore, putting the favored quick-service restaurant chain’s value at Rs 400-500 crore, states an ET report. Jumboking, with 170 shops throughout Mumbai, Delhi, Hyderabad, and Pune, reported gross sales of Rs 110 crore final fiscal yr. It stands as India’s third-largest burger chain after McDonalds and Burger King.
Founding father of Jumboking, Dheeraj Gupta, highlighted the effectiveness of franchising for scaling companies globally. He spoke of Jumboking’s understanding of the Indian palate, giving them an edge out there regardless of burgers being a Western idea.
Initially began in 2001 by promoting vada pav, a preferred road meals in Maharashtra, Jumboking transitioned to specializing in burgers in 2017 with a objective to broaden to 1,000 shops by 2030.
Ashish Kacholia, recognized for his success in figuring out high-growth multi-bagger shares, owns shares value Rs 3,000 crore in listed firms. His agency, Fortunate Securities, has invested in over 60 mid-sized firms, with important investments in Shaily Engineering, PCBL, Safari Industries, and Garware Hello-Tech Movies.
Expressing his enthusiasm for Jumboking, Kacholia praised the corporate’s execution and customer-centric method, calling it India’s most promising Fast Service Restaurant (QSR) story.
The organized foodservice market, valued at $27.1 billion in 2023, is projected to witness a 12% Compound Annual Progress Price (CAGR) within the chained class from 2020 to 2026. This development is attributed to elevated penetration and enlargement in non-metro cities.
Pakhi Saxena, retail and shopper product items head at Wazir Advisors, highlighted the speedy development of the QSR section within the organized meals market. She emphasised the potential for additional enlargement because the Indian inhabitants embraces urbanization and fashionable life.
Jumboking, working as an asset-light firm with 100% franchising, reported a seven-fold enhance in gross sales since repositioning in 2017. The corporate’s entrepreneurial franchising mannequin prioritizes profitability, aiming to double turnover within the subsequent two years, broaden in Delhi and Hyderabad, and enter the Bangalore market this yr.
Consultants estimate the transaction to be valued between Rs 70 crore and Rs 80 crore, putting the favored quick-service restaurant chain’s value at Rs 400-500 crore, states an ET report. Jumboking, with 170 shops throughout Mumbai, Delhi, Hyderabad, and Pune, reported gross sales of Rs 110 crore final fiscal yr. It stands as India’s third-largest burger chain after McDonalds and Burger King.
Founding father of Jumboking, Dheeraj Gupta, highlighted the effectiveness of franchising for scaling companies globally. He spoke of Jumboking’s understanding of the Indian palate, giving them an edge out there regardless of burgers being a Western idea.
Initially began in 2001 by promoting vada pav, a preferred road meals in Maharashtra, Jumboking transitioned to specializing in burgers in 2017 with a objective to broaden to 1,000 shops by 2030.
Ashish Kacholia, recognized for his success in figuring out high-growth multi-bagger shares, owns shares value Rs 3,000 crore in listed firms. His agency, Fortunate Securities, has invested in over 60 mid-sized firms, with important investments in Shaily Engineering, PCBL, Safari Industries, and Garware Hello-Tech Movies.
Expressing his enthusiasm for Jumboking, Kacholia praised the corporate’s execution and customer-centric method, calling it India’s most promising Fast Service Restaurant (QSR) story.
The organized foodservice market, valued at $27.1 billion in 2023, is projected to witness a 12% Compound Annual Progress Price (CAGR) within the chained class from 2020 to 2026. This development is attributed to elevated penetration and enlargement in non-metro cities.
Pakhi Saxena, retail and shopper product items head at Wazir Advisors, highlighted the speedy development of the QSR section within the organized meals market. She emphasised the potential for additional enlargement because the Indian inhabitants embraces urbanization and fashionable life.
Jumboking, working as an asset-light firm with 100% franchising, reported a seven-fold enhance in gross sales since repositioning in 2017. The corporate’s entrepreneurial franchising mannequin prioritizes profitability, aiming to double turnover within the subsequent two years, broaden in Delhi and Hyderabad, and enter the Bangalore market this yr.
