Rebel Foods Invests In Hyderabad-Based QSR Chain Zomoz

Hyderabad-based Zomoz raised an undisclosed amount from its existing investor Rebel Foods as a part of its $2 million capital raise programme. 

Rebel Foods is a food tech company that owns brands like Faasos and Behrouz Biryani. It joined the Indian unicorn club last year after raising $175 million in a Series A funding round from Qatar Investment Authority. 

Zomoz raised the latest capital as the second tranche, after receiving the first tranche in October 2021. It invested these funds in opening outlets across eight Indian cities. 

The quick service restaurant that specialises in momos will use the recently raised capital to fuel is global expansion plans. It plans to start operations in the UAE by opening 11 outlets and also bolster its retail presence in regions where it is already operating. 

“Momos as a category has always leaned on impulse purchases. As a subcategory of fast food, we believe that this segment is at an inflection point and has garnered widespread demand from all corners of the country. The goal is to consistently deliver the best tasting momos across geographies that are prepared in a matter of minutes,” Zomoz’s founder Shouvik Dhar said in a statement. 

He added that the company is committed towards sustainability, despite being in a sector known for high wastage, by being mindful about its sourcing and packaging. "We work with local farming communities for our vegetable and dairy procurement and we had shifted to environment-friendly paper bags before the government mandate on plastic bags,” Dhar claimed.

Since October last year, Zomoz claims to have witnessed a two-fold increase in its monthly sales. In the post-Covid reality, offline sales gathered more steam compared to online ones, the company claimed in a statement.