PEs, strategics eye minority stake in Zoff Foods at over ₹1,000 crore valuation
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Private equity firms and strategics are eyeing a minority stake in Zoff Foods at a valuation over ₹1,000 crore.
- ✓The company plans to use the fresh capital to expand its product line and reach.
- ✓Zoff expects to clock ₹200-250 crore in annual recurring revenue during the current fiscal year.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Strategics are increasingly open to acquiring small stakes as they pursue exposure to fast-growing assets that would otherwise take them longer to scale organically, the first of the two persons cited earlier said. Zoff Foods is expected to use the fresh capital to expand product line and geographical reach, and the induction of a strategic partner may likely give it the necessary distribution access.
In the current fiscal year, the company is expected to clock about ₹200-250 crore in annual recurring revenue and turn Ebitda-positive by the fourth quarter, the second person said. This person added that existing investor JM Financial Private Equity, which owns a 20% stake, could sell a part of its holding depending on whether the valuation is attractive.
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