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Basil Health Bags USD 1.5 Mn Funding
Beverage retail startup Basil Health has raised USD 1.5 million in a pre-Series A funding round from Whiteboard Capital, Brigade REAP and Barbershop Fund. The round also saw participation from investors including Deep Bajaj and Siddharth Kothari, among others.
The fresh capital will be used to expand into new cities, strengthen its supply chain and invest in brand building and team growth.
Founded in 2023 by Harshita Kejriwal, Akshay Chaudhari and Karan Dwivedi, Basil Health operates a beverage retail network through compact kiosks and automated beverage machines. The startup focuses on offering freshly prepared beverages using its in-house IoT-enabled technology.
According to the Delhi-based startup, it currently has more than 70 operational touchpoints. Its systems blend fresh ingredients directly in the cup, while built-in monitoring tools help manage operations and maintain product consistency.
Basil Health’s retail model combines 50-square-foot kiosks with smaller plug-and-play automated beverage machines that can be placed in offices, hospitals, universities and malls. The startup currently operates across Delhi NCR, Bengaluru and Chandigarh.
The startup plans to expand its network to around 1,000 touchpoints over the next three years through a mix of kiosks and automated machines.
Zoff Foods Raises USD 2 Mn from JM Financial Private Equity
Spice brand Zoff Foods, featured on Shark Tank India, has raised USD 2 million in fresh funding from JM Financial Private Equity.
With this investment, the brand has raised around USD 7 million in total funding so far with JM Financial India continuing as its lead investor.
Founded in 2018 by Akash Agrawal and Ashish Agrawal, Zoff Foods focuses on producing packaged spices and related food products. Its portfolio includes a range of spices, dry fruits and other whole food items aimed at the growing market for branded kitchen staples.
The startup said the new capital will be used to strengthen its e-commerce operations and expand its offline distribution network. The funding will also support efforts to capture rising demand for packaged and branded spices across India.
According to data from TheKredible, Zoff Foods reported revenue of INR 103 crore in FY25, marking an 11 percent increase from INR 93 crore in FY24. However, its losses widened to INR 17 crore in FY25 from INR 20 lakh a year earlier.
Market estimates suggest the Indian spices sector could grow from about INR 2.2 lakh crore in 2025 to INR 5.2 lakh crore by 2034. Zoff Foods competes with established brands such as Everest and MDH.
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