Zoff, a leading spices brand, announced today that it has successfully raised INR 400 million from JM Financial Private Equity through JM Financial India Growth Fund III. The funding will be used to launch new products and expand the business into new segments such as ready-to-cook, condiments, cooking pastes & seasoning kits etc.
Akash Agrawal, Co-Founder of Zoff, said that securing funding from JM Financial Private Equity is a significant milestone for us. Our company has witnessed exponential growth in the last couple of years and this investment will further drive us to scale our operations and expand our reach simultaneously.
Zoff plans to focus on strengthening its offline distribution network through general trade, modern trade channels and other retail outlets. It also aims to increase its brand presence across the platforms through marketing initiatives and build a strong offline network in the market for enhancing the trade and export of the brand.
Zoff raises INR 400 Million in Series A Funding from JM Financial Private Equity
Wednesday, 04 September 2024 | PNS
| Ranchi
Zoff raises INR 400 Million in Series A Funding from JM Financial Private Equity
Wednesday, 04 September 2024 | PNS | Ranchi
