Mumbai-based delivery-first pizza brand Hundo Pizza has raised ₹7.5 crore in its first institutional funding round, led by Titan Capital, the venture firm founded by Kunal Bahl and Rohit Bansal. The round also saw participation from Indian Silicon Valley Capital (ISVC), Ankur Rangnekar, Akshay Rangnekar, and Haresh Chawla, with Wavelength Partners acting as deal advisor.
The fresh capital will be used to deepen Hundo Pizza’s presence across Mumbai, enter a new city, and strengthen its production infrastructure. The company is targeting an annualised revenue run rate of ₹60 crore in FY28.
From Bootstrap to Institutional Backing
Founded in 2020 by Kabir Moorjani and Ronak Rajani, Hundo Pizza currently operates seven outlets across Mumbai. The company has been bootstrapped since inception and closed FY26 with revenue of ₹18 crore. It currently operates at an annualised revenue run rate of ₹35 crore.
The fundraise marks a key transition for the pizza brand as it moves from a bootstrapped, Mumbai-focused business to a capital-backed expansion phase.
Building a Fully Electric Central Kitchen
As part of its growth plans, Hundo Pizza is developing a 5,000 sq ft central kitchen and production facility in Andheri East. The fully electric facility will support the company’s production requirements as it scales operations.
Over the next 12 months, the startup plans to invest in production capacity, technology, and organisational capabilities. It is also exploring additional revenue channels, including events and catering.
Founder-Led Growth Strategy
Kabir Moorjani oversees product development and kitchen operations at Hundo Pizza, while co-founder Ronak Rajani leads growth and marketing. Rajani is also the founder of Mumbai Foodie, which was acquired by Swiggy in 2024.
With a delivery-first model, limited-store footprint, and plans to expand into a new city, Hundo Pizza is positioning itself as a scalable, quality-led pizza brand in India’s competitive foodtech and quick-service restaurant market.
The Titan Capital-led round provides the company with the capital and strategic support to convert its Mumbai momentum into a broader national growth story.
By: Sejal Thakur
