Cheelizza – India Ka Pizza, a 100% vegetarian restaurant in Mumbai, received seed financing of INR 4.11 million from the Indian Angel Network. Round was led by IAN Investors Hari Balasubramanian (creator of Wow!), Uday Chatterjee and Deval Tibrewal. Sagar Daryani, creator of Wow! Momo, Karan Tanna (founder Ghost Kitchens) and Rahul Surana (principal at an internationally funded fund) also participated in this round. The funds will be used by the firm for global expansion and hyperscaling.
“Cheelizza – India Ka Pizza”, a fast-growing vegetarian pizza restaurant, was founded by Animesh Loga in 2013.
“Over the past 10 years we have operated in stealth mode, focusing on building the business around strong fundamentals. Cheelizza is our first step in building a portfolio that offers a variety of vegetarian food brands. We will work for the next 10 years to build a pure Indian veg platform based on solid foundations of high quality, higher value and highest trust. We are grateful to IAN, who has supported us in our growth journey. We will use this capital for hyper-scale and geographic expansion,” stated Animesh Lodha founder of Cheelizza.
Cheelizza will focus on increasing its presence in Mumbai over the next twelve months by opening 20 more outlets. According to Cheelizza, the company has begun recruiting for senior positions in marketing, business operations, human resource management, and business. It also stated that it has more than 100 staff members for shop operations.