Hundo Pizza raises Rs 7.5 crore from Titan Capital to grow beyond Mumbai

Hundo Pizza, a delivery-first pizza brand from Mumbai, has raised about Rs 7.5 crore in its first round of institutional funding, led by Titan Capital, according to reports published on Thursday, 12 November 2026. Indian Silicon Valley Capital and angel investors Ankur Rangnekar, Akshay Rangnekar and Haresh Chawla also took part. The company, which had been bootstrapped since it began in 2020, says it will use the money to open more outlets in Mumbai, enter a new city and upgrade its kitchen capacity.

Hundo Pizza's story is a familiar route for Indian consumer start-ups: build a brand in one city with the founders' own money, prove that customers keep coming back, then raise funds to expand. A brand that reached Rs 18 crore in revenue with seven outlets before taking any institutional money has shown investors a working business, not just an idea.

The founders' backgrounds matter here. Rajani earlier built Mumbai Foodie, a food platform, and now leads the brand's growth and marketing. Moorjani's focus on product and kitchen operations covers the other half of the business: making the same pizza consistently across outlets, which is the main challenge in scaling a delivery brand.

For founders outside the big metros, the round is a reminder of what early-stage investors look for in food businesses: steady revenue, repeat customers and tight kitchen economics. A central kitchen, one of the planned uses of the money, lets a brand prepare dough and sauces in one place and supply many outlets, cutting costs and keeping quality the same.

The next test is the new city. A new city brings different tastes, rents and delivery competition. The company has not said which city it will enter.

Peepals calculation: The current run rate of about Rs 35 crore is nearly twice FY26 revenue of Rs 18 crore (35 ÷ 18 ≈ 1.94). Reaching the FY28 target of Rs 60 crore means growing the run rate by about 71% more (60 ÷ 35 ≈ 1.71). Spread across seven outlets, the current run rate works out to about Rs 5 crore a year per outlet (35 ÷ 7). Our calculation from the reported figures.

Short-term: Hundo Pizza will open more outlets in Mumbai and prepare to enter its first city outside it, along with a central kitchen or production upgrade.

Long-term: If the expansion works, the brand could become a multi-city chain and return to investors for a larger round. If not, the costs of new outlets and a new city could strain a business that has so far grown on its own cash.

Who is affected: Hundo Pizza's staff and customers, food delivery platforms that carry the brand, rival pizza chains in Mumbai, and early-stage investors in consumer food brands.

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