Homegrown Burger Chain Burger Singh released a funny clarification and denied recent news that it raised £47 crore in financing. The company responded to the story of the starting news platform Entrackr, called it prematurely and explained the confusion with the generous dose of humor.
The report of July 17 claimed that Burger Singh had secured £47.15 Crore in the new round of financing collaborated by Neegen Value Fund and Nine Rivers Capital, with the participation of Rhodium Trust and 19 other investors. But in a statement shared with the press, Burger Singh said- not yet.
“Unfortunately, it’s not true.”
“We would like to clarify some excitement that has aroused” exclusive “news … claims that Burger Singh has successfully increased £47.15 Crore in the new round of financing, “said the company.
According to Burger Singh, the confusion stems from the incorrect legacy of the Ministry of Business Affairs (MCA), specifically MGT-14 forms. The company explained that this is only a regulatory step that shows the possibility of offering shares, not confirmation that funds have been taken.
“The uncomfortable cigars £2000 notes yet ‘
To explain this, the company offered an unpredictable real estate analogy: “It is the equivalent of the company for the list of your house to 99cres. It simply means: we are open for business. This does £2000 notes. ”
Burger Singh also dropped the analogy of cricket for good level and referred to India with a heartbreaking Lord test loss: “It’s like reporting that India won the match just before Sirui against Shaib Bashir’s second full ball …
“It’s not a confirmation, it’s an invitation”
“Legally, the MGT-14 is a preliminary document, not a confirmation,” he added. “Investors still have to say yes, transfer funds and sign to a dotted line. None of this has happened yet. Any report suggesting that it is otherwise premature – and frankly, misleading.”
While Firmackr addressed CEO of Kabir Jeet Singh to express, Burger Singh also dealt with a trademark style. “Kabir gets more unknown WhatsApps than the Tetila housing company gets during Propratri’s video.
The burger chain that ends on an insolent note said, “It’s like revising a restaurant based only on the odor of the kitchen. When it’s real, we’ll announce a fundraiser.”
(Tagstotranslate) Burger Singh
