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99 Pancakes raised Rs 200 million in a Series A funding round led by a Mumbai-based family office to expand its presence pan-India.

PRIVATEAug 27, 2024

Amount Raised

₹200 Million

Round Type

Series A

MumbaiFood And Beverage

Description

QSR chain 99 Pancakes has successfully raised Rs 200 million in a Series A funding round. The funds will be utilized to open 50 new outlets across 8 additional cities in India by the end of the calendar year.

Quick answer

99 Pancakes raised ₹200 Million in a Series A round, dated August 27, 2024. 99 Pancakes is based in Mumbai, Maharashtra, India.

How much did 99 Pancakes raise?
99 Pancakes raised ₹200 Million in a Series A round on August 27, 2024.
What does 99 Pancakes do?
99 Pancakes is a quick service restaurant (QSR) chain that specializes in pancakes.
Where is 99 Pancakes based and how big is it?
99 Pancakes is based in Mumbai, Maharashtra, India. Fundz records about 68 employees.
Who are the decision-makers at 99 Pancakes?
Fundz holds 1 contact at 99 Pancakes. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Food And Beverage around the same time

Companies in the same sectors as 99 Pancakes that raised within 45 days of this round, from Fundz verified event records.

  • Rarebird raised $1M (Seed) on October 11, 2024.
  • Basecamp Research raised $60M (Series B) on October 9, 2024.
  • Best Day Brewing raised $13M on October 7, 2024.
  • Nara Organics raised $6.4M on October 3, 2024.
  • Yerbae Brands raised $75K (Seed) on October 3, 2024.
  • Hungry Panda raised $55M (Funding Round) on October 1, 2024.

Who to call at 99 Pancakes, and when

A new round usually means 99 Pancakes is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day 99 Pancakes raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at 99 Pancakes, from your own LinkedIn network

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Company Information

Company

99 Pancakes

Location

Mumbai, Maharashtra, India

About

99 Pancakes is a quick service restaurant (QSR) chain that specializes in pancakes. The brand currently operates in 14 cities in India and aims to expand to 50 cities by the end of December 2025. It plans to open new outlets while developing infrastructure for franchise stores, intending to maintain a balance between company-owned and franchise operations. Additionally, 45% of its revenue comes from online channels, reflecting a growing digital presence.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

99 Pancakes raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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