Hundo Pizza Raises Rs 7.5 Crore from Titan Capital, Targets Rs 60 Crore Revenue Run Rate by FY28

Hundo Pizza has raised Rs 7.5 crore in its first 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 Haresh Chawla also participated in the round. Wavelength Partners acted as the deal advisor.

Founded in 2020 by Kabir Moorjani and Ronak Rajani, Hundo Pizza has expanded its operations to seven outlets across Mumbai, including its recently opened location in Sakinaka, Andheri East. The company reported revenue of Rs 18 crore in FY 2025–26 and currently operates at an annualised revenue run rate of Rs 35 crore. It is targeting Rs 60 crore in annualised revenue run rate by FY 2027–28.

The fresh capital will support the company's expansion beyond Mumbai, including entry into a new city. Over the next 12 months, Hundo Pizza plans to allocate funds towards production infrastructure, technology, team expansion and strengthening its corporate operations.

A key part of the expansion strategy is the development of a 5,000 sq. ft. fully electric central kitchen and production facility in Andheri East. The facility will be equipped with European production machinery and Italian ovens, with food preparation processes following Hazard Analysis and Critical Control Points (HACCP) principles. It will also include a dedicated research and development space for menu development, product testing and quality consistency across outlets.

The company is also investing in technology to improve operational monitoring. Planned IoT-enabled systems will track refrigeration and oven temperatures, while centralised equipment monitoring is expected to help manage maintenance and operational efficiency as the outlet network grows.

Kabir Moorjani and Ronak Rajani, Co-founders of Hundo Pizza, said, “When we started Hundo, we believed there was room for a better everyday pizza, one made with quality ingredients, priced accessibly and designed specifically for delivery. Building the business from the ground up has given us a strong understanding of our customers and what it takes to deliver quality consistently. Our ambition is to build one of India’s next big homegrown pizza brands. This investment will help us strengthen the foundation we have built in Mumbai, expand into new markets and continue improving the food and experience we offer.”

Utpal Raman Sharma, VP at Titan Capital, said, “Pizza is one of India's most loved food categories, and we see a significant opportunity for new-age brands that deliver on product quality, convenience and customer experience. Hundo's focus on distinctive flavours, quality ingredients and a delivery-first format positions it well to capture this opportunity, and we're excited to partner with the team as they build a large and enduring pizza brand.”

Hundo Pizza's business model is built around delivery operations, with packaging designed to maintain product quality during transit and deliveries available until 4 a.m. The company reports that approximately 90 percent of its packaging is eco-friendly and that food wastage stands at approximately 0.5 percent.

Its menu includes established offerings such as Pepperoni, Chorizo and Greca pizzas, alongside newer variants inspired by international flavours, including Korean Bulgogi and pizzas featuring in-house Guntur chilli pesto. The brand has also extended its menu into pasta, sides and desserts to increase its product range.

Beyond its existing outlets, the company is evaluating additional revenue channels, including events and catering. The funding will support its transition from a Mumbai-focused operation towards a multi-city business, with investments in production capacity, technology and organisational infrastructure forming the next phase of its expansion.