Private Equity Other Private Equity/Strategic Investments
Rebel Foods acquires stake in dumplings-focused QSR chain Zomoz
Hyderabad-based momo brand Zomoz has raised funding from Mumbai-based cloud kitchen firm Rebel Foods. LoEstro Advisors acted as the exclusive financial advisor to Zomoz for this raise. Founded by Shouvik Dhar, an ISB alumnus, Zomoz specializes in delivering dumplings.
Zomoz currently has 40 retail and cloud outlets spread across five locations including Hyderabad, Bengaluru and Mumbai. The partnership with Rebel Foods will help the company scale to more than 300 retail and cloud outlets pan India over the next 30 months.
Company website ↗ (opens in a new tab)
Starting Oct-11, Rebel Foods has raised nearly $471-M from Coatue Management, Qatar Investment Authority, Evolvence India, Go-Jek, Goldman Sachs, Lightbox, Evolvence India, Sequoia Capital India, Sistema Asia Fund, RTP Global, RB Investments, and others. Some have made partial exits.