1 year ago
Zomoz Raises INR 5 Cr, Expands to Tier 2 Cities
Zomoz, a fast-food brand specializing in momos and bao, has received 5 crore rupees in new funding.
This money will help them open more restaurants in smaller cities in southern India.
They already have 72 restaurants and hope to reach 100 soon.
The company is making money and plans to use technology, like robots that can quickly make the food, to help them grow.
Investors are excited because they have a unique process for making their food and have already received high ratings from their customers.
The company's leadership team has a diverse background and is focused on quality and growth.
Zomoz, a QSR momo and bao brand, has raised INR 5 Cr in a bridge round.
The investment was co-led by The Chennai Angels and Hyderabad Angels.
The funds will be used to expand Zomoz's presence in tier 2 cities across Telangana, Karnataka, Tamil Nadu, and Maharashtra.
Zomoz currently operates 72 outlets and aims to reach 100 within three quarters.
The brand has achieved profitability with a focus on an asset-light model and leveraging technology.
- Who
- Zomoz, The Chennai Angels, Hyderabad Angels, and HNIs.
- What
- Zomoz, a momo and bao brand, raised INR 5 Cr.
- Where
- Tier 2 cities in Telangana, Karnataka, Tamil Nadu, and Maharashtra.
- When
- June 2024
- Why
- To increase footprint and expand operations.
Investors
Zomoz
Investment Strategy
Investors
Investors see potential in Zomoz due to its use of technology and automated manufacturing.
Zomoz
N/A
Key facts
- Brand
- Zomoz
- Amount Raised
- INR 5 Cr
- Lead Investors
- The Chennai Angels, Hyderabad Angels
- Current Outlets
- 72
- Target Outlets
- 100
- States of Operation
- Telangana, Karnataka, Tamil Nadu, Maharashtra
