99 Pancakes Raises Rs 20 Cr Series A funding

99 Pancakes, India's quick service restaurant chain specializing in pancakes, said that it raised Rs 20 crore in a recent Series A funding round. This significant investment is received from family office, which will fuel the company's ambitious pan-India expansion strategy, focusing on increasing its presence in Tier 1 cities and beyond.

99 Pancakes has opened four new outlets this month and in the month of September it plans to open eight new outlets. The company is currently focusing on expansion of its brunch network in the state of Gujarat, with new locations slated for Ahmedabad, Vadodara, Anand, Surat, and Vapi.

Vikesh Shah, founder of 99 Pancakes, started his first pancake outlet in Mumbai’s Kala Ghoda area in 2017. Today we have total of 40 plus outlets in more than 10 cities.