[Asia Economy Reporter Moon Hyewon] Gopizza announced on the 28th that its consolidated sales exceeded 20 billion KRW this year, driven by the increase in single-person households and expansion into overseas markets.
The total sales of franchise stores surpassed 30 billion KRW, representing more than a 50% increase compared to last year's sales of 13 billion KRW.
Gopizza, Korea's first single-person pizza brand, has experienced rapid growth every year due to the rise in single-person households and proactive overseas market expansion. Since the early stages of the business, it has entered overseas markets and currently operates about 50 stores in four countries?India, Singapore, Hong Kong, and Indonesia?with a total of approximately 180 stores.
In India, sales grew 500% year-on-year last year and are expected to grow 600% this year, establishing Gopizza as a popular local pizza brand. The number of stores is rapidly expanding beyond Bengaluru to Hyderabad, Andhra Pradesh, and other regions. This year, the 20th store was opened, and the goal is to open 80 stores next year.
Gopizza aims to be "Gopizza everywhere" and has introduced specialized menus at major CGV multiplex theaters in Korea through collaboration with CGV, the country's largest multiplex chain. In October, it simultaneously entered Indonesia and opened its first store there. It is also actively pursuing overseas business by signing franchise agreements with local mid-sized food service companies in Singapore.
Gopizza's growth was also demonstrated in its recent Series C funding round, successfully raising 25 billion KRW. The total accumulated investment to date amounts to 45 billion KRW, recognizing a corporate valuation of 150 billion KRW.
Im Jaewon, CEO of Gopizza, said, "Gopizza's growth is the result of the efforts of our employees, franchise owners, and the love of our customers. Next year, the most important product taste will be significantly upgraded. Along with active marketing activities for domestic franchise owners who have struggled during the past two years of COVID-19, we will continue rapid but healthy growth through surpassing 100 overseas stores and the full-scale application of food tech stores."
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