Seventh funding from Youwecan ventures in Carl’s Jr a US based fast food chain
Cybiz BrightStar Restaurants, the master franchisee of US-based fast food chain Carl's Jr in India has attracted funding, reportedly worth Rs. 4 Cr ($0.63 Mn) from Yuvraj Singh’s VC Fund YouWeCan Ventures. Yuvraj will also come on board as a brand ambassador for Carl's Jr in India.
The funds will be used for opening about 5 restaurants by December and between 7 to 10 restaurants by the end of the fiscal year. Cybiz BrightStar has raised $3-4 Mn till date at a valuation of about $30 Mn. The company is planning to raise close to $30 Mn over the next two years.
"The vertical of QSR, especially burgers, caught my attention in the last few months as space has got a thumbs-up from Indian consumers. This is my first foray into this space and I am delighted to partner with an internation...