Zappfresh to Acquire 51% Stake in RTC Meat Brand Avyom Foodtech

DSM Fresh Foods, which runs the meat delivery brand Zappfresh, has approved the acquisition of a 51% stake in Avyom Foodtech Private Limited.  

The transaction involves a cash infusion of around ₹7.5 crore through a private placement. The company said the acquisition is expected to be completed over the next 3 to 9 months. 

Purpose of the Acquisition 

The deal will allow Zappfresh to enter the ready-to-eat and ready-to-cook food segments. According to regulatory filings, the acquisition is also intended to support the company’s plans to access export markets.  

The capital will be invested in phases in line with the business transfer agreement approved by the board. 

Asset Transfer Details 

Avyom has entered into a binding agreement with Ambrozia Frozen Foods to acquire its food processing business through a slump sale.  

The transaction includes about 5 acres of land, a food processing facility and related plant and machinery. Liabilities linked to the business, including bank borrowings and trade payables, will also be taken over. 

Background of Avyom Foodtech 

Avyom Foodtech was incorporated in 2022 and was earlier known as IEY Education Pvt Ltd. The company is engaged in manufacturing and processing frozen and ambient food products such as snacks, gravies, sauces and other prepared foods. 

Ambrozia’s Operations 

Founded in 2019, Ambrozia Frozen Foods operates a processing unit with a portfolio of more than 150 stock keeping units. Its products include idli, medu vada, kebabs, momos, gravies, breads and sauces.  

The company supplies institutional and quick-service restaurant clients, including Hyperpure, Faasos and Jubilant. 

Zappfresh Financial Position 

Zappfresh listed on the BSE SME exchange in October 2025, raising ₹53 crore through a fresh issue of shares.  

The company later revised its use of IPO proceeds, increasing the amount set aside for acquisitions to ₹12.2 crore. In the first half of FY26, Zappfresh reported a net profit of ₹7 crore, while operating revenue rose 43% year-on-year to ₹95.6 crore. 

DSM Fresh Foods Share Price Performance  

As of January 5, 2026, 11:55 am, DSM Fresh Foods Ltd share price was trading at ₹136.25, a 3.02% down from the previous closing price. 

Read More: Anil Ambani Drops Defamation Case Against Media Outlets After Court Decision! 

Conclusion  

Through this deal, Zappfresh expands into the RTE and RTC segments while taking over operational assets and liabilities linked to the food processing business. The investment will be made in phases as per the approved agreement. 

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