Hotline: 1800 102 2007
X
Search Business Opportunities
2014-10-03

Gujarat-based QSR chain Neopolitan Pizza secures funding

Currently, Neopolitan Pizza has 22 stores and it aims to have 100 outlets by FY17 pan India

Neopolitan Pizza Pvt Ltd, a Gujarat-based quick service restaurant (QSR) chain operator, has raised an undisclosed amount in an angel funding from Sarthi Angels Venture Foundation (SAVF), according to a VCCircle report.

 

This is SAVF's third investment after it invested an undisclosed amount in Ahmedabad-based engineering firm MR Organisaion Ltd and in Delhi-based Learning Edge Academy of Professionals Pvt Ltd.

 

Started in 2012 by Mukund Purohit, an Indo Canadian entrepreneur, Neopolitan Pizza has positioned itself as a vegetarian Italian meal chain. Besides traditional Italian fast food it also offers Jain Special food.

 

Currently, Neopolitan Pizza has 22 stores and it aims to have 100 outlets by FY17 pan India.

 

QSR as a business has attracted several investors in the past. Most recently, Nilgai Foods, which operates QSR chain PICO and sells condiments and gourmet processed foods products, raised its first round of equity investment from an unnamed high net-worth investor (HNI).

 

SAVF, which was launched in August 2013 by Sarthi Group, a financial services company, comprises high net-worth angels among others and invests in startups operating in sectors like e-commerce, IT, agriculture and food processing, consumer, clean tech, healthcare and media. The platform can invest at any stage of a startup lifecycle (even in ideation stage companies) and the amount invested can go up to $2 million.

 

Related opportunities
  • Designer Wear
    About : Started in 2014, H&S sources its fabric from Italian..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Bars, Pubs & Lounge
    Company Profile: À Ta Maison (or ATM) opened its doors in..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • Luggage, Hand bags & Backpacks
    About Us: Welcome to Doubleu Bag. We are proud to introduce..
    Locations looking for expansion Rajasthan
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • About Us: Rule the Rolls – Golden opportunity to join the..
    Locations looking for expansion Delhi
    Establishment year 1972
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts