Moi Soi Secures First Institutional Funding Round from GVFL and Wipro Consumer Ventures
Moi Soi raises first institutional round from GVFL, Wipro Consumer Ventures
The Economic Times
Image: The Economic Times
Moi Soi, a pan-Asian foods and beverages brand owned by Ceres Foods, has successfully raised its first institutional funding round from GVFL and Wipro Consumer Ventures, acquiring 17% equity. The brand, founded in October 2021, generates over ₹6 crore (approximately $720,000 USD) in monthly sales and aims to expand its product offerings across various Asian cuisines.
- 01Moi Soi raised its first institutional funding round from GVFL and Wipro Consumer Ventures.
- 02The investors acquired approximately 17% equity in the company.
- 03Moi Soi generates over ₹6 crore (around $720,000 USD) in monthly net sales.
- 04The brand plans to expand its portfolio to include multiple Asian cuisines.
- 05Moi Soi operates across 2,000+ pin codes in 250 cities in India.
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Moi Soi, a pan-Asian foods and beverages brand founded in October 2021 and owned by Ceres Foods, has raised its first institutional funding round with GVFL (Gujarat Venture Finance Limited) and Wipro Consumer Ventures co-investing to acquire 17% of the company. The brand specializes in a variety of products including sauces, chilli oils, noodles, ready-to-eat curries, and Asian beverages. Currently, Moi Soi is generating over ₹6 crore (approximately $720,000 USD) in monthly net sales and delivers its products to over 2,000 pin codes across 250 cities in India. With this funding, Moi Soi plans to broaden its portfolio to encompass various Asian cuisines, including Korean, Japanese, Thai, and Vietnamese, and expand its presence on quick commerce platforms and in large modern trade channels.
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The funding will enable Moi Soi to expand its product offerings and distribution, potentially increasing job opportunities and consumer access to diverse Asian cuisines in India.
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