Rebel Foods takes minority stake in Indian dumpling chain Zomoz
The partnership will help Zomoz scale to more than 300 retail and cloud outlets pan India over the next 30 months.
Online restaurant company Rebel Foods Rebel Foods now has a minority stake in Indian momo (dumpling) chain Zomoz after the latter raised an undisclosed amount in pre-series A funding.
Founded by Shouvik Dhar, Zomoz aims to deliver dumplings across India through a scalable business model with robust backend systems supported by simplified plug and play outlets. It aims to differentiate itself by serving a variety of dumplings within a minimal time maintaining consistency in taste across all servings.
Zomoz currently has 40 retail and cloud outlets spread across five locations including Hyderabad, Bangalore and Mumbai. The partnership with Rebel Foods will help the company scale to more than 300 retail and cloud outlets pan India over the next 30 months.
LoEstro Advisors acted as an exclusive financial advisor to Zomoz for this raise.
“We are elated with having Rebel Foods as a strategic investor in Zomoz. The model that we operate in fits right into their operating system. This will enable us to grow quickly and profitably across the country,” Dhar said in a media release.
“Through the Rebel Operating System, our goal is to address every food mission of a consumer. The momos/dumplings category is witnessing high demand in the delivery space and we have an excellent offering in terms of taste and quality. Looking forward to rapidly scaling Zomos and making it the category leader in the next 2-3 years,” Rebel Foods co-founder Ankur Sharma added.
Earlier this month, Rebel Foods signed a five-year virtual brands partnership with Foodpanda, Rebel Foods, which will see both companies aiming to launch more than ten virtual brands in over 2,000 outlets across Asia.