Get All Access for $5/mo

Cheelizza Raises INR 4.11 Crore Seed Fund From IAN The company plans to use the fund to hyperscale the business and expand geographically

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Cheelizza – India Ka Pizza, a Mumbai-based pure vegetarian pizza chain from Mumbai, has raised INR 4.11 crore in a Seed funding round led by the Indian Angel Network (IAN). The round was led by IAN Investors Hari Balasubramanian, Uday Chatterjee, Deval Tibrewal and Rajeev Sarda. The round also saw participation from Sagar Daryani (founder of Wow! Momo), Karan Tanna,(founder of Ghost Kitchens), and Rahul Surana (principal at an international fund). The company plans to use the fund to hyperscale the business and expand geographically.

"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 hyperscale our business and expand geographically," said Animesh Lodha, founder, Cheelizza.

Cheelizza will focus on rapidly expanding their presence in Mumbai by opening 20 new stores in the next 12 months. The homegrown pizza chain is already hiring talent across senior leadership roles in business, operations, HR, marketing, along with more than 100 team members for their frontline store operations, claimed by the company in a statement.

"Cheelizza is uniquely positioned as a pure vegetarian brand and has a vision to become a global pure vegetarian food platform to serve customers across the globe. Animesh and his team are go-getters and we are extremely confident that they would be able to build a portfolio of pure vegetarian food brands which will emerge as a category leader in the QSR space," said Hari Balasubramanian, lead investor, IAN.

Founded in 2013 by Animesh Lodha, 'Cheelizza - India Ka Pizza' is a fast growing vegetarian pizza chain focused on targeting vegetarians across the country.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Dee Piping Goes Public: Announces Initial Public Offering

Dee Development Engineers Limited, commonly known as 'Dee Piping,' has announced its transition into a public limited company.

Business Solutions

Increase Productivity with This Microsoft 365 Subscription, Now $25 Off

It can make the entrepreneur life a lot easier.

News and Trends

Unifi Capital Launches Two New Funds at GIFT City

Rangoli India Fund and G20 Portfolio are the two new funds launched by Unifi Capital, via its subsidiary UIML in GIFT City, to expand international investment opportunities.

Business News

Apple Pay Later Is Ending. Here's What's Taking Its Place.

The program was available for less than a year.


I've Grown a High-Performing Team in Just 2 Years — Here's are 5 Growth Strategies I Learned

A team's strength lies in its people's individual skills and how they synergistically come together.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.