Zoff Foods raises $2 Mn from JM Financial PE

Shark Tank featured spice brand Zoff Foods has raised $2 million in fresh funding from JM Financial Private Equity. 

Zoff has raised around $7 million of funding till date, having JM Financial India as its lead investor.

The proceeds will be used to strengthen its ecommerce business and expand its offline distribution. The funding will also help the brand tap into the growing demand for branded packaged spices in India.Co-founded in 2018 by Akash and Ashish Agrawal, Zoff specializes in high-quality spices. The brand offers a curated selection of spices, dry fruits, and whole food products.

As per TheKredible, Zoff’s revenue from operations grew by 11% to Rs 103 crore in FY25 from Rs 93 crore in FY24. The company posted a loss of Rs 17 crore in FY25, as compared to a loss of Rs 20 lakh in FY24. 

As per market research, estimates suggest that the Indian spices market could grow from about Rs 2.2 lakh crore in 2025 to Rs 5.2 lakh crore by 2034 as organised brands capture a larger share of the market.

The company also claims that it competes with other big brands like Everest and MDH.