India’s organised food-service market is seeing growing interest in delivery-first brands that build their businesses around focused menus, centralised production and technology-led operations. For these businesses, expanding into new markets requires more than opening additional outlets. Maintaining food quality, controlling costs and building reliable production infrastructure become equally important as order volumes increase.
Mumbai-based Hundo Pizza is preparing for this next phase after raising ₹7.5 crore in its first institutional 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, with Wavelength Partners acting as the deal advisor.
Founded in 2020 by Kabir Moorjani and Ronak Rajani, Hundo Pizza has operated as a bootstrapped business since inception. The company reported revenue of ₹18 crore in FY26 and currently operates at an annualised revenue run rate (ARR) of ₹35 crore. With seven outlets across Mumbai, it is targeting an annualised revenue run rate of ₹60 crore by FY28.
The fresh capital will support further expansion across Mumbai, entry into a new city and investments in production infrastructure, technology and organisational capabilities.
Building the infrastructure for expansion
A central part of Hundo Pizza’s expansion strategy is a 5,000 sq. ft. central kitchen and production facility under development in Andheri East. The fully electric facility is expected to strengthen production capacity as the brand expands its operations.
The facility will include European production equipment, Italian ovens and processes guided by Hazard Analysis and Critical Control Points (HACCP) principles. It will also house a dedicated research and development space for menu development, product testing and maintaining consistency across locations.
Technology is another area of investment. The company is working towards introducing IoT-enabled systems to monitor refrigeration and oven temperatures, alongside centralised equipment monitoring. These systems are intended to improve operational visibility, maintenance and quality control as its network grows.
Over the next 12 months, Hundo also plans to strengthen its team and corporate capabilities. Beyond its core delivery business, the company is exploring additional revenue channels, including events and catering.
From a Mumbai brand to a wider market
The founders bring complementary experience to the business. Moorjani oversees product development and kitchen operations, while Rajani leads growth and marketing. Rajani previously founded Mumbai Foodie, a food discovery platform acquired by Swiggy in 2024.
The investment marks an important transition for Hundo, which has built its business without institutional capital for six years. Its next phase will require replicating its operating model beyond its existing Mumbai footprint while maintaining product quality and customer experience.
For delivery-first food brands, expansion can quickly increase the complexity of procurement, kitchen operations, logistics and quality control. Hundo’s investment in centralised production and technology suggests that it is prioritising these operational foundations before scaling into new markets.
Its ability to reach the ₹60 crore ARR target will ultimately depend on how effectively it expands its footprint, increases order volumes and maintains sustainable unit economics. The latest funding gives the company additional capital to pursue that ambition, but execution will determine how successfully it builds a larger homegrown pizza business.
Sources: Entrackr, The Economic Times, ETEntrepreneur, Hundo Pizza’s official website and publicly available company information.
