Hundo Pizza Raises Rs 7.5 Crore From Titan Capital in First Institutional Round

Mumbai pizza brand Hundo Pizza has raised Rs 7.5 crore in its first institutional funding round, led by Titan Capital, the firm founded by Snapdeal's Kunal Bahl and Rohit Bansal. The deal marks the end of a six-year bootstrap for a company that closed FY26 with Rs 18 crore in revenue.

The round drew participation from Indian Silicon Valley Capital (ISVC), along with individual investors Ankur Rangnekar, Akshay Rangnekar and Haresh Chawla. Wavelength Partners advised on the transaction, the company said in a press release.

Where does the money go?

Hundo Pizza will spend the proceeds on three things: deepening its footprint across Mumbai, entering one new city, and strengthening production infrastructure. The company is targeting an annualised revenue run rate of Rs 60 crore in FY28, according to its press release. It currently runs at an annualised revenue run rate (ARR) of Rs 35 crore.

The centerpiece of the buildout is a 5,000 sq ft central kitchen and production facility in Andheri East. The facility will be fully electric and is designed to support production requirements as operations scale.

Over the next 12 months, Hundo Pizza plans to invest in production capacity, technology and organisational capabilities. It is also exploring additional revenue channels, including events and catering.

Who runs the company?

Kabir Moorjani and Ronak Rajani founded Hundo Pizza in 2020. The company operates seven outlets across Mumbai, all built on a delivery-first model.

The two founders split duties cleanly. Moorjani oversees product development and kitchen operations. Rajani leads growth and marketing — he previously founded Mumbai Foodie, which Swiggy acquired in 2024.

What does the round signal?

The fundraise arrives as Hundo Pizza pushes beyond its home market. The company wants to scale its delivery-first business outside Mumbai for the first time.

The numbers frame the bet. Hundo Pizza grew from Rs 18 crore in FY26 revenue to a Rs 35 crore ARR — nearly doubling in short order without outside capital. The Rs 60 crore FY28 target implies the founders expect capital, not just organic momentum, to drive the next leg of growth.

Titan Capital's involvement gives the round pedigree. Bahl and Bansal built Snapdeal into one of India's largest e-commerce platforms and have backed numerous consumer startups through Titan. For a seven-outlet pizza chain, that backing plus a Rs 7.5 crore cheque buys the production capacity and organisational muscle needed to test whether a delivery-first pizza model can travel beyond one city.