STARTUP LEGAL19 Oct 2026
Zoff Foods weighs minority stake sale at over ₹1,000 crore
Zoff Foods, the Raipur-based spice brand, has started talks to sell a minority stake in a deal that could value it above ₹1,000 crore. It has hired EY as adviser and is approaching both private equity firms and strategic buyers, including ITC, Emami and Orkla India. JM Financial Private Equity, which holds 20%, may sell part of its stake.
Key Statutory Highlights
- Zoff expects revenue of about ₹200-250 crore this fiscal year and to turn Ebitda-positive by the fourth quarter, according to one of the people cited.
- JM Financial Private Equity put in ₹40 crore in 2024 and added ₹18.5 crore earlier this year for brand-building, capacity and offline distribution.
- The company says nearly a quarter of its sales come from quick-commerce platforms, and revenue has grown about 40% a year over four years.
Actionable Advice for Taxpayers / Founders:Talks are early, so the stake size and valuation will move. Watch for confirmation from Zoff, Emami, Orkla or EY, none of which replied to queries; ITC said it does not comment on market speculation.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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