Mumbai-based delivery-first pizza brand Hundo Pizza has raised ₹7.5 crore in its first institutional funding round, led by Titan Capital, as it prepares to expand beyond its existing Mumbai operations. The round also saw participation from Indian Silicon Valley Capital (ISVC), angel investors Ankur Rangnekar, Akshay Rangnekar and Haresh Chawla. Wavelength Partners acted as the financial adviser for the transaction.
Founded in 2020 by Kabir Moorjani and Ronak Rajani, Hundo Pizza has built its business without institutional funding and currently operates seven outlets across Mumbai. The company closed FY26 with revenue of ₹18 crore and is operating at an annualised revenue run rate of approximately ₹35 crore. It aims to increase this figure to ₹60 crore in FY28 as it expands its restaurant network, invests in production infrastructure and explores entry into a new city.
Hundo Pizza Raises ₹7.5 Crore: Funding Details
The ₹7.5 crore investment marks Hundo Pizza’s transition from a bootstrapped business to an institutionally backed food and beverage startup.
Titan Capital, the venture investment firm founded by Kunal Bahl and Rohit Bansal, led the funding round. Indian Silicon Valley Capital and individual investors also participated.
| Funding detail | Information |
|---|---|
| Company | Hundo Pizza |
| Funding raised | ₹7.5 crore |
| Funding stage | Maiden institutional round |
| Lead investor | Titan Capital |
| Other institutional investor | Indian Silicon Valley Capital |
| Individual investors | Ankur Rangnekar, Akshay Rangnekar and Haresh Chawla |
| Deal adviser | Wavelength Partners |
| Founded | 2020 |
| Founders | Kabir Moorjani and Ronak Rajani |
The company plans to deploy the fresh capital towards expanding its presence across Mumbai, entering a new city and strengthening its production capabilities.
Over the next 12 months, investments will focus on production capacity, technology, organisational development and building a stronger corporate team.
The company has not publicly disclosed a valuation for the funding round.
From Bootstrapped Startup to Seven Mumbai Outlets
Hundo Pizza was founded in 2020 by Kabir Moorjani and Ronak Rajani with a focus on making quality pizza more accessible through a delivery-first business model.
Rather than immediately building a large network of traditional dine-in restaurants, the company has focused on developing its operations around food delivery.
The strategy allows Hundo Pizza to concentrate on product quality, kitchen efficiency and customer convenience while managing the costs associated with large restaurant spaces.
The startup currently operates seven outlets across Mumbai, including a recently opened location in Sakinaka, Andheri East.
Its growth from a bootstrapped business to a company generating an annualised revenue run rate of ₹35 crore provides the foundation for its next expansion phase.
The founders are now looking to build a larger homegrown pizza brand by increasing production capacity and entering additional markets.
Revenue Reaches ₹18 Crore in FY26
Hundo Pizza closed the financial year 2025-26 with revenue of ₹18 crore.
The company currently operates at an annualised revenue run rate of approximately ₹35 crore, according to information shared during the funding announcement.
It is targeting an annualised revenue run rate of ₹60 crore by FY28.
| Business indicator | Reported figure |
|---|---|
| FY26 revenue | ₹18 crore |
| Current annualised revenue run rate | ₹35 crore |
| FY28 annualised revenue target | ₹60 crore |
| Existing outlets | 7 |
| Founding year | 2020 |
The target represents a substantial expansion from its current operating scale.
However, annualised revenue run rate is different from recognised annual revenue. It reflects the pace of business activity based on a particular period and should not be treated as revenue already earned during a completed financial year.
Achieving the FY28 target will depend on the company’s ability to increase orders, expand its outlet network and maintain consistent operations as it enters new markets.
Hundo Pizza Builds a 5,000-Square-Foot Central Kitchen
A major part of Hundo Pizza’s expansion strategy involves developing a 5,000-square-foot central kitchen and production facility in Andheri East, Mumbai.
The fully electric facility is expected to support the company’s growing production requirements as it expands its operations.
The planned kitchen will incorporate European production equipment, Italian ovens and processes guided by Hazard Analysis and Critical Control Points (HACCP) principles.
HACCP is a food-safety management approach designed to identify and control potential hazards during food production and handling.
The facility will also include a dedicated research and development space for menu innovation and product improvement.
Centralised production can help restaurant businesses maintain consistency across locations by standardising preparation processes, ingredients and quality checks.
For a delivery-focused pizza brand, this can be particularly important because product quality needs to remain consistent even as the number of outlets and orders increases.
The new facility is expected to provide Hundo Pizza with additional capacity to support its expansion plans.
Technology Investment to Improve Kitchen Operations
Alongside production infrastructure, Hundo Pizza plans to invest in technology to improve operational visibility and efficiency.
The company is working towards introducing Internet of Things (IoT)-enabled systems to monitor refrigeration and oven temperatures.
It also plans to establish centralised visibility into equipment performance across its operations.
These systems could help the company identify equipment issues, monitor operating conditions and improve maintenance planning.
Temperature monitoring is particularly important in food businesses because refrigeration failures and inconsistent storage conditions can affect ingredient quality and food safety.
By using connected monitoring systems, Hundo Pizza aims to reduce operational disruptions and maintain more consistent production standards.
The technology investment is part of the company’s broader plan to develop an operating model that can support additional locations without compromising product quality.
Founders Target Expansion Beyond Mumbai
Hundo Pizza’s founders are now preparing to take the business beyond its existing Mumbai footprint.
Kabir Moorjani oversees product development and kitchen operations, while Ronak Rajani leads growth and marketing.
Rajani previously founded Mumbai Foodie, a food-focused digital platform that was acquired by Swiggy in 2024.
The founders believe there is an opportunity to build a large Indian pizza brand by combining quality ingredients, accessible pricing and a delivery-focused operating model.
The company plans to expand across Mumbai while entering one additional city. It has not yet publicly disclosed the name of its next market.
Hundo Pizza is also exploring additional revenue channels, including events and catering.
These channels could help the company reach customers beyond regular online food delivery orders and improve utilisation of its production infrastructure.
Titan Capital Backs Hundo Pizza’s Growth Plans
Titan Capital’s investment reflects continued investor interest in India’s organised food and beverage market.
The venture firm was founded by Kunal Bahl and Rohit Bansal and has invested in startups across consumer businesses, technology and other sectors.
Utpal Raman Sharma, vice-president at Titan Capital, said the firm sees an opportunity for new-age pizza brands that focus on product quality, convenience and customer experience.
The investor highlighted Hundo Pizza’s distinctive flavours, quality ingredients and delivery-first model as factors supporting its potential to build a larger brand.
The participation of Indian Silicon Valley Capital and individual investors further expands the startup’s investor base as it moves into its next stage of growth.
Competition in India’s Pizza Market
Hundo Pizza is entering an established and competitive market that includes international chains, domestic restaurant groups and emerging delivery-focused brands.
Companies such as Domino’s, Pizza Hut and La Pino’z have built significant distribution networks across Indian cities.
Newer brands are also experimenting with smaller restaurant formats, cloud kitchens and delivery-led operations to reach customers.
For Hundo Pizza, competing effectively will require more than opening additional outlets. It will need to maintain food quality, manage ingredient costs, build customer loyalty and ensure that delivery operations remain efficient.
The central kitchen investment could help the company standardise production as it expands, but the economics of its new locations will be important in determining whether growth translates into sustainable profitability.
The Bigger Picture
Hundo Pizza’s first institutional funding round highlights investor interest in India’s evolving organised food-service market. Delivery-first restaurant brands are exploring ways to expand without relying entirely on traditional dine-in formats. Centralised production, technology-enabled kitchen management and standardised food preparation can help these businesses improve consistency while supporting expansion into new locations.
However, scaling a restaurant brand presents operational challenges that funding alone cannot solve. Ingredient costs, delivery commissions, customer acquisition, food quality and outlet-level profitability will influence long-term performance. Hundo Pizza’s ability to use its new capital to strengthen its production infrastructure and expand beyond Mumbai will determine whether it can turn its current revenue momentum into a larger national business.
Looking Ahead
Hundo Pizza plans to use the ₹7.5 crore investment to expand its Mumbai presence, enter a new city and develop its 5,000-square-foot central kitchen in Andheri East. Technology investments and additional revenue channels such as events and catering are also part of its growth strategy. The company is targeting an annualised revenue run rate of ₹60 crore by FY28, compared with approximately ₹35 crore currently.
The next phase will test whether Hundo Pizza can maintain product quality and operational efficiency while increasing its footprint. Its centralised production model could provide an advantage as the business grows, but competition from established pizza chains and emerging food brands remains significant. The company’s progress in expanding its outlets, increasing revenue and managing operating costs will be important indicators of its long-term potential.
Get the day’s top stories in your inbox
One concise email. No spam, unsubscribe anytime.
