QSR – Quick service restaurant chain ‘99 Pancakes’ has gotten Rs.20 crore ($2.4 million) in a Series A funding round from a family office.

In the month of March 2022, it had brought Rs.6.5 crore up in a series of funding through a group of private backers (angel investors). The newly raised capital in funding round will be utilized to make its presence across India, 99 Pancakes said in a public statement.

Established in the year 2017 by Vikesh Shah, 99 Pancakes has hands on expertise in different types of Pancakes that caters to all preferences and tastes.

The brand sells pancakes, waffles, french crepes, macaroons, croissants, pizzas, and shakes. As per the Mumbai-based organization, it is set to add 50 new outlets toward the end of the ongoing year and 200 outlets toward the end of December 2025.

The organization aims to grow its geographic footprints to 50 urban areas across India and will extend its presence by opening organization possessed outlets and partner with ace franchisees in various locales.

99 Pancakes says that it has opened 4 new outlets in the ongoing month and extension endeavors are fixated on the state of Gujarat, with the fresh funds new areas scheduled for Ahmedabad, Vadodara, Anand, Surat, and Vapi.

The QSR chain has a wide variety of pancakes, lip-smacking and tasty chocolate pie, shakes, cheesecakes, iced tea and many others.

Their best sellers are rainbow pastry, banana crepe, rainbow cake, biscoff cake, pineapple cake, Nutella cake, chocolate shake, strawberry cake, red velvet dessert, lotus biscoff crystal ball, hazelnut crystal ball and vanilla macarons.