PE-VC Fund Investments
Spices brand Zoff Foods attracts $2-M more from JM Financial
Raipur-based packaged spices brand Zoff Foods has raised fresh funding of USD 2 million from existing investor JM Financial Private Equity.Zoff Foods (Zone of Fresh Foods), which makes and sells ground, blended and whole spices in various categories, was founded in 2018 by brothers Akash and Ashish Agrawalla.JM Financial Private Equity had first invested INR 40 crore in Asquare Foods and Beverages, which owns Zoff Foods, in August 2024inZoff reported revenue of INR 103 crore in FY25, compared with INR 93 crore in FY24.
In Aug 2024, Zoff Spices had attracted about USD 4.77 M from JM Financial.For FY25, Zoff Spices had reported about INR 103 Cr in Operating Income and about INR 17 Cr in Net Loss.
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