Investment Summary

JM Financial Private Equity Invests In Zoff Foods

On August 21, 2024, private equity firm JM Financial Private Equity invested in food company Zoff Foods

Investment Highlights
  • This is JM Financial Private Equity’s 1st transaction in the Food sector.
  • This is JM Financial Private Equity’s 2nd transaction in India.

Investment Summary

Date 2024-08-21
Target Zoff Foods
Sector Food
Investor(s) JM Financial Private Equity
Deal Type Growth Capital

Target

Zoff Foods

Raipur, India
Zoff Foods is a producer of ground, blended and whole spices. The Company has a fully automated manufacturing unit and is one of the few players using cold grinding technology to retain the flavor and fragrance of raw spices. It has differentiated itself by using a multi-layered ziplock packaging to keep the spices fresh for a long time. Zoff Foods is based in Raipur, Chhattisgarh.

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Investor(S) 1

DESCRIPTION

JM Financial Private Equity is a generalist private equity firm focused on acquiring and partnering with small to mid-sized growth-oriented companies throughout India. The Firm prefers businesses with proven business models, and that operate in growing, underserved markets. Broad areas of interest include financial services, consumer, manufacturing, technology, logistics, and healthcare. JM Financial Private Equity was formed in 2006 and is based in Mumbai.


DEAL STATS #
Overall 2 of 2
Sector (Food) 1 of 1
Type (Growth Capital) 2 of 2
Country (India) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Clear Premium Water

Ahmedabad, India

Clear Premium Water is a bottled water brand in the HoReCa (hotels, restaurants & cafés) segment with a pan-India presence. Clear Premium Water is based in Ahmedabad, India.

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