Angel Investments
Pizza chain Cheelizza raises over Rs.4-Cr
Mumbai-based pizza chain Cheelizza has raised INR 4.11 crore led by Indian Angel Network (IAN) investors Hari Balasubramanian, Uday Chatterjee, Deval Tibrewal, and Rajeev Sarda. Co-investors Sagar Daryani, Founder of Wow! Momo, Karan Tanna, founder of Ghost Kitchens, and Rahul Surana (Principal at an international fund also participated in the round. Cheelizza is a pure veg pizzeria. The chain has been running ten stores across Mumbai and Gujarat. With the new funds, it will focus on expanding its presence in Mumbai by opening 20 new stores in the next 12 months. It is also expanding its team and hiring talent across senior leadership roles in Business, Operations, HR, Marketing, along with 100+ team members for their frontline Store operations.
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