Jumboking valuation at Rs 400 crore plus! ‘Multi bagger investor’ picks up stake in India’s third-largest burger chain


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 by a secondary market transaction following Triton Fund’s exit from the agency.
Experts 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.
Founder 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 in the market regardless of burgers being a Western idea.
Originally began in 2001 by promoting vada pav, a preferred avenue meals in Maharashtra, Jumboking transitioned to specializing in burgers in 2017 with a aim to develop to 1,000 shops by 2030.
Ashish Kacholia, identified for his success in figuring out high-growth multi-bagger shares, owns shares value Rs 3,000 crore in listed corporations. His agency, Lucky Securities, has invested in over 60 mid-sized corporations, with important investments in Shaily Engineering, PCBL, Safari Industries, and Garware Hi-Tech Films.
Expressing his enthusiasm for Jumboking, Kacholia praised the corporate’s execution and customer-centric method, calling it India’s most promising Quick Service Restaurant (QSR) story.
The organized foodservice market, valued at $27.1 billion in 2023, is projected to witness a 12% Compound Annual Growth Rate (CAGR) in the chained class from 2020 to 2026. This progress is attributed to elevated penetration and enlargement in non-metro cities.
Pakhi Saxena, retail and shopper product items head at Wazir Advisors, highlighted the fast progress of the QSR section in the organized meals market. She emphasised the potential for additional enlargement because the Indian inhabitants embraces urbanization and fashionable existence.
Jumboking, working as an asset-light firm with 100% franchising, reported a seven-fold improve in gross sales since repositioning in 2017. The firm’s entrepreneurial franchising mannequin prioritizes profitability, aiming to double turnover in the following two years, develop in Delhi and Hyderabad, and enter the Bangalore market this yr.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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