Hundo Pizza Funding: Raises ₹7.5 Cr in First Round Led by Titan Capital

Mumbai-based Hundo Pizza has raised ₹7.5 crore (approximately $1.02 million) in its first funding round, led by Titan Capital. Indian Silicon Valley Capital (ISVC), Ankur Rangnekar, Akshay Rangnekar and Haresh Chawla also participated in the round, while Wavelength Partners advised on the transaction.

Founded in 2020 by Kabir Moorjani and Ronak Rajani, Hundo Pizza operates under Moorjani Hospitality Private Limited. The company follows a delivery-first quick-service restaurant (QSR) model, focusing on gourmet pizza flavours, quality ingredients and accessible pricing.

The fresh capital will be deployed over the next 12 months towards entering a new city, expanding production infrastructure, strengthening technology capabilities and building its corporate team.

Hundo Pizza’s Expansion Plans

A significant part of Hundo Pizza’s expansion strategy involves setting up a 5,000 sq. ft. fully electric central kitchen in Andheri East, Mumbai. The facility is planned to house European kitchen equipment, Italian ovens and food-safety processes guided by Hazard Analysis and Critical Control Points (HACCP) standards. It will also include a dedicated research and development space for menu development and product innovation.

The company currently operates seven outlets across Mumbai, including its recently opened location in Sakinaka, Andheri East. Its delivery-first model is supported by centralised food preparation and digital ordering, allowing the company to manage production and maintain consistency across its outlets.

Centralised kitchens are an important part of the operating model for delivery-focused restaurant brands. By preparing key ingredients and food components at a common facility, businesses can standardise recipes, streamline outlet operations and manage production as they expand into additional locations.

Commenting on the investment, Utpal Raman Sharma, Vice President at Titan Capital, said the firm sees potential in newer pizza brands that focus on product quality, convenience and customer experience. He also cited Hundo’s flavours, ingredients and delivery-first format as factors behind the investment.

Hundo Pizza’s FY26 Financial Performance

Hundo Pizza reported revenue of $2.44 million in FY2025-26 and is currently operating at an annualised revenue run rate of $4.75 million, according to figures shared by the company. It is targeting an annualised revenue run rate of $8.15 million by FY2027-28.

For FY2024-25, the company’s financial disclosures show revenue of ₹11.5 crore, against total expenses of approximately ₹11.6 crore, resulting in a net loss of ₹13.7 lakh.

The difference between the company’s reported FY26 revenue and its current annualised run rate indicates that its latest operating scale is higher than the revenue recorded during the completed financial year. However, an annualised run rate is an estimate based on the current pace of business and should not be treated as realised annual revenue.