Shilpa Shetty-partnered Spices Startup Zoff Foods targets
160 crore in FY25
By Team Startupcity | Wednesday, 19 June 2024, 01:51 Hrs
A D2C startup specifying in providing premium range species Zoff Foods has publicized a vital development in the spice market of India. The firm privileges to be the first platform in India to utilize air classifying mills – an innovative technology that grinds the spices without losing the actual aroma and flavor.
In the areas of revenue generation, Zoff Foods clocked around
100 crore revenue in the financial year 2024. The startup targets to cross over
160 crore in revenue in the financial year 2025. A significant part of their business, 65 percent of revenue generates from digital platforms whereas the remaining 35 percent is generated from offline channels.
100 crore revenue in the financial year 2024. The startup targets to cross over
160 crore in revenue in the financial year 2025. A significant part of their business, 65 percent of revenue generates from digital platforms whereas the remaining 35 percent is generated from offline channels.
Akash Agrawal, Co-Founder, Zoff Foods unveiled that the startup is in the progressive stage of fundraising and projects the deal to be closed in one or two months.
The spice market of India estimated at
90,000 crore and developing at a CAGR – Compound annual growth rate of 11 percent to 12 percent, offers huge opportunities.
90,000 crore and developing at a CAGR – Compound annual growth rate of 11 percent to 12 percent, offers huge opportunities.
Expressing the potential of spice market in India and company’s commitment, Akash Agrawal says, "The market is huge, and demand is high. Being the first e-commerce brand, our focus is to reach online customers first, and then expand into the general trade market. We also have new products like seasonings and condiments in the pipeline, which will help us achieve our next revenue target for FY25”.

