South Korea-settled pizza brand GOPIZZA raised $25 million (Rs 200 crore) in a Series C
South Korea-settled pizza brand GOPIZZA raised $25 million (Rs 200 crore) in a Series C financing round co-drove by GS Adventures, CJ Speculation, Mirae Resource Protections, NCORE Adventures, Woori Bank, Capstone Accomplices, Large Bowl Capital, DS Resource The board, and Pureun Venture.
The brand will involve the new capital for extension plans in India, upheld by trendy automated and simulated intelligence advances.
Mahesh Reddy, Chief of GOPIZZA India, said, “The subsidizing will permit us to enormously scope our activities the nation over and further concrete our situation in the Indian market to turn into the container India market pioneer in the section. We expect to send off 100 stores by 2023. The assets will likewise be sent to carry the brand’s celebrated innovation to all outlets in India, giving rapid and prevalent quality pizzas.”
GOPIZZA — which makes one-individual, oval-formed, fire-heated pizza — has 160 outlets across South Korea, Singapore, Indonesia, India, and Hong Kong.
In India, the brand has 15 outlets and will open its most memorable store in Hyderabad one month from now. The brand expects to arrive at 25 outlets toward the finish of 2022, and more than 100 stores by 2023.
1462 individuals adored this story
BYJU’S Raises $250M In Crisp Financing Round
Investigate Now
The single-serving pizza brand will likewise present its protected in-house innovation GOVEN — a programmed pizza broiler, GOBOT — a helpful robot, and its artificial intelligence Brilliant Garnish Table — to guarantee normalized quality.
In the following couple of years, GOPIZZA will lay out outlets in Pune, Chennai, Delhi, Mumbai, Hyderabad, Ahmedabad, Kolkata, and some key Level II urban communities, including Chandigarh, Jodhpur, Jaipur, and Kochi. Internationally, the brand expects to introduction to Thailand, Malaysia, Vietnam, and the US.
In 2019, GOPIZZA opened its most memorable Indian outlet in Bengaluru, offering one-individual pizzas of predominant quality at cutthroat costs.
The brand had recently brought $20 million up in subsidizing from Woori Bank, Capstone Accomplices, Huge Bowl Capital, DS Resource The executives, and DSC Venture.
