New Delhi, March 1 -- Founded as a modernised vada pav brand, Jumboking Foods Pvt Ltd has evolved into India's largest vegetarian burger chain and the country's third-largest burger player overall after McDonald's and Burger King. The 100% franchised, asset-light company operates over 185 stores across Mumbai, Delhi and Hyderabad, and is the largest QSR operator in the Mumbai and Hyderabad metros.

In April 2024, the company raised a secondary investment round from investor Ashish Kacholia, valuing the business at Rs.500 crore. Industry reports suggest the company clocked 50% year-on-year growth in FY23, significantly outpacing international QSR chains that grew between 5% and 17%.

In an interview, Founder and Managing Director Dheeraj G...