Cheelizza Pizza

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Description

Cheelizza Pizza India Limited is an unlisted public company founded in 2021, specializing in a 100% pure vegetarian Quick Service Restaurant (QSR) concept with an Indian twist on pizza. Founded by Aatish and Animesh Lodha, it had multiple Mumbai outlets by mid-2025 and was expanding to other cities like Rajkot. The company is in a growth phase, reporting significant revenue growth but with margins impacted by expansion efforts.  

Company Overview

·        Business Model: 

Cheelizza offers a vegetarian, "pizza-like" substitute with unique Indian flavors, distinct from a traditional pizza. 

·        Expansion: 

The company has grown to multiple outlets in Mumbai and plans to open new stores in cities such as Rajkot. 

·        Operations: 

Cheelizza has a strong online presence with over 40,000 monthly orders through its own app, Eat Veg, which supports its QSR model. 

Financials and Share Details

·        Incorporation: 

Incorporated on February 12, 2021, Cheelizza is classified as a public limited company. 

·        Revenue Growth: 

The company experienced substantial revenue growth, with over a 300% year-on-year increase by early 2024. 

·        Unlisted Shares: 

As a pre-IPO stage company, Cheelizza's shares are unlisted and traded on the unlisted market. Investors have shown interest in these pre-IPO shares, with a potential valuation around ₹760 Cr as of mid-2025. 

Management 

·        Founders: The founders of Cheelizza are Aatish Lodha and Animesh Lodha.

·        Directors: Aatish Lodha, Animesh Lodha, and Rohit Kumar Chawda are the directors of the company.