Zappfresh Expands with Acquisition of 51% Stake in Avyom Foodtech

Zappfresh, a pioneering name in direct-to-consumer meat delivery and processed foods, has confirmed its acquisition of a 51% share in Avyom Foodtech Pvt Ltd. This decision was made through a Rs 7.5 crore private placement, as stated in a recent board resolution. The transaction is anticipated to be finalised in the next 3 to 9 months.

Strategic Expansion into Ready-to-Cook and Ready-to-Eat Segments

The acquisition will enable Zappfresh to penetrate the ready-to-cook (RTC) and ready-to-eat (RTE) food solutions market, thereby broadening its product lineup beyond fresh meat and seafood. The capital to be invested in this new subsidiary will be released in phases, in alignment with a business transfer agreement.

About Avyom Foodtech

Established in 2022 by Deepanshu Manchanda and Priya Aggarwal, Avyom Foodtech focuses on producing frozen and ambient food products, including snacks, gravies, sauces, and other related items. As part of this acquisition, Avyom has committed to acquiring the food processing division of Ambrozia Frozen Foods through a slump sale.

Zappfresh’s Growth and Diversification Strategy

This move complements Zappfresh’s acquisition agenda, which includes previous purchases such as Bonsaro, a Mumbai-based meat and seafood delivery service, and the Dr Meat brand operated by Sukos Foods. Zappfresh serves the Delhi-NCR and Bengaluru regions and has recently made its debut on the BSE SME exchange via an IPO.

Additionally, the company has adjusted its IPO capital utilisation strategy to allocate a greater portion of the funds towards acquisitions, thereby reinforcing its expansion plans.