Shark Tank-featured spice brand Zoff Foods has secured $2 million in funding from JM Financial Private Equity, totalling approximately $7 million to date.
This investment will bolster its e-commerce operations and enhance offline distribution, catering to the rising demand for branded packaged spices in India.
Founded in 2018 by Akash and Ashish Agrawal, Zoff specialises in high-quality spices, dry fruits, and whole food products.
Zoff’s revenue rose by 11%, reaching Rs 103 crore in FY25, though it reported a loss of Rs 17 crore compared to Rs 20 lakh in FY24.
Market research indicates India’s spices market could expand from Rs 2.2 lakh crore in 2025 to Rs 5.2 lakh crore by 2034.
Zoff competes with major players like Everest and MDH.
Source: Entrackr