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South Korea-based pizza chain GOPIZZA raised $25 million as part of its Series C led by GS Ventures, CJ Investment, Mirae Asset Securities, NCORE Ventures, Woori Bank, Capstone Partners, Big Basin Capital, DS Asset Management and Pureun Investment.
GOPIZZA operates a QSR chain that sells single-serving and oval-shaped pizzas at low prices. The funding will be used to fuel the startup’s ‘aggressive’ expansion plans in India, according to the company. The brand has 15 stores in India and will open its first store in Hyderabad next month. The brand hopes to have 25 locations by the end of 2022, and over 100 by 2023.
