New York-based Momofuku Goods, which specializes in restaurant-grade pantry items, recently received $17.5 million in growth funding. The investment round, led by Siddhi Capital, will expand the brand’s product offering and support its growing operations.
Founded in 2019 by David Chang and Marguerite Mariscal, Momofuku Goods split from the well-known Momofuku restaurant in 2020. The company’s mission is to provide home cooks with access to quality essentials and has developed a number of products, including Chili. Crunch, noodles, sauces (eg soy sauce and rice vinegar) and seasoned salts.
All of these offerings are inspired by the signature flavors associated with the Momofuku brand. Since its inception, Momofuku Goods has quickly gained popularity and is now available in over 2,000 stores across the United States. The brand’s products can be found on the shelves of major retailers such as Target, Whole Foods and Wegmans, as well as thousands of independent stores.
The recent funding round is an important milestone for Momofuku Goods and highlights the growing demand for restaurant-grade pantries among home cooks. As the company’s product range and operations continue to expand, customers can expect an even wider selection of high-quality ingredients that elevate their home cooking to restaurant-level.
With this new capital investment, Momofuku Goods is poised to further disrupt the grocery market, offering consumers the ability to enjoy restaurant-quality flavors in the comfort of their own homes. The company’s success in securing growth funding is a testament to the company’s innovative home cooking potential and promise.