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Mumbai Pav Co raises pre-seed investment from Campus Fund to expand operations
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Friday, 06 June, 2025, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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Mumbai Pav Co., a modern quick-service restaurant brand bringing Mumbai’s street food for the mass-premium segment, has raised pre-seed round led by Campus Fund, along with participation from Karan Bhagat and Yatin Shah of 360One, Mohit Gulati of ITI GO, Ankit Agarwal & Varun Limaye - founders, Mesa School of Business, Siddharth Dungarwal - founder Snitch, Anand Sinha - ex-CEO of Zomato Gold & LeapClub, along with other notable angels as part of its Pre-Seed round. Fund details were not disclosed.
The investment will accelerate the brand’s expansion across India, double down on kitchen innovation, and strengthen its mission of delivering hygienic, iconic Mumbai-style street food through an omni-channel model.
Co-founded by Tanay Agarwal and Jash Arora, it blends street authenticity with modern QSR standards. The duo met at Mesa School of Business, where their shared passion for Indian food, entrepreneurship, and operational excellence sparked the idea for the venture.
Agarwal brings operational and customer first insights from his time helping scale his family owned fine-dine restaurant chain Tuk Tuk Thai, while Jash is a professionally trained chef with experience in India’s Top Restaurant - Masque in Mumbai, Le15’ by Chef Pooja Dhingra and a Michelin-starred kitchen in Sweden. Together, they’re building a scalable, standardised model for India’s favourite comfort food.
Richa Bajpai, founder & CEO of Campus Fund, said, “Mumbai Pav Co. is not just serving food, its distilling nostalgia, hygiene, and convenience in a format fit for the next billion consumers. We’re thrilled to back a founding team that’s as obsessed with taste as they are with customer first experience and execution. They’re elevating street food into a culturally iconic QSR brand.”
Since launching in Bangalore in August 2024, the brand registered a whopping 60,000+ orders, all from a small 250 sqft. store in JP Nagar, Bangalore, with ratings of 4.5+ on both Swiggy and Zomato. The company has multiple stores in its pipeline. Their customer repeat rate is over 50%.
India’s food services market, pegged at over Rs 5,50,000 crore, is undergoing a shift. Urban consumers increasingly demand authentic, hygienic, value-driven Indian QSR options. It addresses this whitespace with a consistent, customer-first offering positioned as ‘India ka Fast Food’, aiming to grow across Indian metros, Tier-2 cities, and eventually global markets with significant Indian diaspora.
Agarwal said, “Mumbai had its fast-food way before Western brands came to India and commercialised their Western menu. Our vision is to take the streets of Mumbai to Global Markets and represent India ka Fast Food. Campus Funds’ backing gives us not only capital but conviction to build this with scale, heart, and hustle. With the funds, Mumbai Pav Co. plans to rapidly set up 15+ outlets across formats in Bengaluru this year (cloud kitchens, malls, tech parks and high street stores), focus on standardised operations, test new menu categories, and explore early partnerships in the quick commerce, franchising and B2B delivery space.”
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