Business Standard

Burger King IPO proceeds to help set up new stores, repay term loan: Varman

Our plan is to open 700 restaurants by December 2026. Right now, we have 268 restaurants in India, says CEO Varman

Rajeev Varman
Premium

Burger King India CEO Rajeev Varman

Viveat Susan Pinto
Private equity major Everstone and US fast-food chain Burger King came together to launch the brand in India, in 2014. Since then, Burger King India — owned majorly by Everstone — has set up 268 restaurants and has plans to add more as it taps the food services potential. Rajeev Varman, chief executive officer of the IPO-bound company, spoke to Viveat Susan Pinto on the firm’s plans. Edited excerpts:

How did Burger King perform over the last eight months, during the pandemic?

Everything came to a standstill during the last week of March. Having said that, one of the striking things about

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