ZappFresh Expands Operations Across India and Beyond
Online fresh fish and meat retailer ZappFresh is broadening its reach throughout India, the Middle East, and the MENA region. This Gurugram-based company is preparing to initiate its operations in Dubai in the second quarter of 2025.
The firm is focused on strengthening its market presence in western India while also seeking out new opportunities. Recently, it increased its market share by acquiring Bonsaro, an online meat and seafood delivery brand based in Mumbai.
As per a press release from ZappFresh, this expansion has been meticulously strategised and researched, forming a crucial part of the company’s global growth initiatives.
Established in 2015 by Deepanshu Manchanda, ZappFresh provides fresh meat, seafood, and ready-to-cook products via its app and website.
This expansion occurs alongside ZappFresh’s plans to launch its initial public offering (IPO) in 2025. The company filed a draft red herring prospectus (DRHP) for the IPO on the BSE SME in August of the previous year.
In financial terms, ZappFresh reported a 60% surge in operating revenue, reaching Rs 90.4 crore in FY24 compared to Rs 56.3 crore in FY23. Additionally, the net profit demonstrated a remarkable 70% year-on-year growth, amounting to Rs 4.7 crore in the last financial year.
To date, ZappFresh has secured approximately $14 million in funding, which includes $4.3 million raised from investors such as Ah! Ventures and HT Media in November last year. Based on insights from the startup data intelligence platform, SIDBI Venture Capital stands as the largest external investor in this nine-year-old company, followed by other notable stakeholders.
