Cheelizza raises Rs. 4.11 crore in seed funding led by Indian Angel Network

• ByStartupStory     |    September 27, 2022

Cheelizza – India Ka Pizza, a 100% vegetarian pizza restaurant situated in Mumbai, has acquired INR 4.11 crore in seed finance supported by the Indian Angel Network (IAN). IAN Investors Hari Balasubramanian, Uday Chatterjee, Deval Tibrewal, and Rajeev Sarda headed the round. Sagar Daryani (creator of Wow! Momo), Karan Tanna (founder of Ghost Kitchens), and Rahul Surana also participated in the round (principal at an international fund). The firm intends to utilize the funds for hyperscaling and global expansion.

Founded in 2013 by Animesh Lodha, “Cheelizza – India Ka Pizza” is a rapidly expanding vegetarian pizza restaurant that targets vegetarians nationwide.

“We have been operating in stealth mode over the last 10 years, focused on building the business on strong fundamentals. Cheelizza is the first step towards building a portfolio of pure Vegetarian food brands offering an alternative choice to a large vegetarian population. Over the next 10 years, we will be working on building an Indian pure veg platform built on strong fundamentals of high value, higher quality, and highest trust and take it global. We are very grateful to IAN for supporting us and helping us on our growth journey. We will use this capital to hyper-scale our business and expand geographically,” said Animesh Lodha, founder, of Cheelizza.

Cheelizza will concentrate on significantly growing its footprint in Mumbai over the next 12 months by building 20 additional outlets. According to a statement from the firm, it has already begun recruiting for senior leadership positions in business, operations, human resources, and marketing, as well as more than 100 team members for frontline shop operations.

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