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Zomoz raises funds for global expansion, Rebel Foods raises stake
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Monday, 28 November, 2022, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Quick service restaurant chain Zomoz has raised a second round of capital from Rebel Foods Pvt. Ltd., a food tech unicorn that owns brands including Faasos and Behrouz Biryani. The QSR chain plans to use the capital to start operations in UAE in 11 different locations.
Shreyas Darne, co-founder, Zomoz, said, “Back in 2016, Zomoz was led with the intention to create a highly lean, technologically advanced QSR setup that could be easily scaled up. Given that most of the work is done at the backend, there is minimal food handling at the point of sale. The momo category fits this framework perfectly. It also ensures highly uniform and standardised product offerings, which results in a business that is highly scalable.”
Monthly sales for the company have increased by more than twofold since the first round raised in October 2021, and post-Covid sales, particularly in the retail locations have skyrocketed, compared to the sales online. The capital from the first round was invested for opening outlets in 8 Indian cities and building a cutting-edge, fully automated production facility.
Shouvik Dhar, founder, Zomoz, said, “Momos as a category has always leant on impulse purchase. As a subcategory of fast food, we believe that this segment is at an inflection point and has garnered wide-spread demand from all corners of the country. The goal is to consistently deliver the best tasting momos across geographies that are prepared in a matter of minutes. Zomoz is committed towards sustainability and it is fulfilled through our sourcing and packaging. We work with local farming communities for our vegetable and dairy procurement and we had shifted to environment-friendly paper bags before the government mandate on plastic bags.”
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