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Bootstrapped Mumbai pizza brand Hundo Pizza raises Rs 7.5 crore in first institutional funding

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Bootstrapped Mumbai pizza brand Hundo Pizza raises Rs 7.5 crore in first institutional funding

Mumbai-based delivery-first pizza brand Hundo Pizza has raised Rs 7.5 crore in its first institutional funding round led by Titan Capital, the investment firm founded by Kunal Bahl and Rohit Bansal.

Indian Silicon Valley Capital (ISVC), Ankur Rangnekar, Akshay Rangnekar and angel investor Haresh Chawla also took part in the round, the startup said. Wavelength Partners acted as the deal advisor.

It will use the fresh capital to expand across Mumbai, enter a new city and strengthen its production infrastructure. It is targeting an annualised revenue run rate of Rs 60 crore in FY28.

Hundo Pizza closed FY26 with revenue of Rs 18 crore and said it currently operates at an annualised revenue run rate of Rs 35 crore. That run rate is nearly double its FY26 revenue, and the FY28 target would mean growing it by roughly 71% from current levels.

Hundo Pizza has largely operated as a bootstrapped business. Before its latest institutional funding round, the brand raised approximately $40,100 in February 2022 from two individual investors, according to Tracxn.

As part of the expansion, Hundo Pizza is building a 5,000 sq ft central kitchen and production facility in Andheri East. It said the facility will be fully electric and will support its production needs as it opens more outlets.

Over the next 12 months, it plans to invest in production capacity, technology and organisational capabilities. It is also exploring other revenue channels, including events and catering.

Founded in 2020 by Kabir Moorjani and Ronak Rajani, Hundo Pizza began operations in August that year in Mumbai’s Bandra West, initially offering delivery and drive-through services.


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