- Founders: Sandeep Jangra And Ishan Chugh
- Business: Pizza Franchise
- Ask: ₹1 Crore for 2% Equity
- Valuation/ Networth: ₹50 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 9
Pizza Galleria Shark Tank India Pitch:
Pizza Galleria is renowned for its fresh dough and high-quality ingredients. It originated in the small town of Gohana in Haryana, and it has now expanded to 30 outlets located in various areas across Haryana, Punjab, and Delhi. As a 100% vegetarian pizza brand, Pizza Galleria boasts ratings ranging from 4.2 to 4.9 on Zomato.
Pizza Galleria is available through dine-in outlets, in-house delivery, and platforms like Zomato and Swiggy. The company owns and operates 18 outlets, while 12 outlets are owned and operated by franchisees. Additionally, there are 4 outlets that are franchisee-owned but operated by the company.
Pizza Galleria Financials during Shark Tank India:
In the beginning, they only sold 50-60 pizzas per month, and currently, that number has jumped to 4-5 lakhs pizzas per month. Some Pizza Galleria stores achieve sales of 14.5 lakhs per month. The breakeven amount per outlet is 4.5-5 lakhs.
From the 18 outlets, in FY20-21, they achieved sales of 8.5 Crores. In FY21-22, sales increased to 10.5 Crores, and in FY22-23, they reached 11.5 Crores. For FY23-24 (till September), they have already achieved 9 crores in sales and are projected to close the year with 16.5 crores in sales and a projected profit of 2.5 crores.
As for franchises, Pizza Galleria charges a 3% royalty fee and covers the cost of purchased raw materials. They claim to generate sales of 1.5 lakhs per month from franchises, but these numbers are not clear, as the founder was confused with the figures. Consequently, there is confusion among the sharks about how Pizza Galleria is making money from franchise outlets.
Who are founder of Pizza Galleria?
Pizza Galleria was founded by Sandeep Jangra and Ishan Chugh in 2015. Sandeep Jangra, who was working in Gurgaon, left his job to start his own venture. He visited various pizza brands to learn recipes and conducted research and development. During this process, he created a special liquid cheese that imparts a unique taste to Pizza Galleria’s pizzas.
Pizza Galleria Shark Tank India Negotiations & Funding:
Aman was the first shark to choose to opt out because the financials were not clear, although he liked the pizza. He advised getting another co-founder with expertise in finance. Anupam asked a question about the future dream opening of 500 franchise outlets, specifically inquiring about the top three standard operating procedures (SOPs) to implement. He was dissatisfied with the founder’s answer and, for these reasons, opted out. Namita also chose to opt out, citing a lack of expertise in the business. Vineeta expressed dissatisfaction with the founder’s financial knowledge, especially regarding how they make money from the franchise business. Due to these reasons, she opted out of negotiations. Deepinder Goyal also chose to opt out, explaining that he had never invested in the restaurant business, and he does not want to invest where he has to teach the basics.
How is Pizza Galleria doing after Shark Tank India?
No deal was offered on the Shark Tank show. They are still in business, and their outlets have grown to 39. We will update this article within the next couple of months to provide information on how the business is faring and to report on the revenue post the show.
You can checkout their products by clicking the Amazon button below!
Source: Instagram @pizzagalleria
Here is an update on other companies from Season 3