Acquisition · Professional & Local Services
DSM Fresh Foods acquires Avyom Foodtech stake
By Startup Enthusiast ·
- Date
- Company
- DSM Fresh Foods
- What it does
- Food sourcing and processing company
- Kind
- Acquisition
- Amount
- ~Rs 7.5 crore
- Based in
- New Delhi
What they do
DSM Fresh Foods sources and delivers meat and food products to consumers and institutions
What happened
The company acquired a 51-60% controlling stake in Avyom Foodtech for ~Rs 7.5 crore via share allotment
Why it matters
This move expands DSM's presence in the ready-to-eat segment and supports overseas export growth
The details
- DSM Fresh Foods acquired a 51-60% controlling stake in Avyom Foodtech Private Limited.
- The transaction involved a cash infusion of approximately Rs 7.5 crore through private share allotment.
- Avyom Foodtech was formerly known as IEY Education Private Limited and was incorporated in 2022.
- The acquisition allows DSM Fresh Foods to enter the ready-to-eat (RTE) and ready-to-cook segments.
- Avyom has a binding term sheet to acquire Ambrozia Frozen Foods operating business via a slump sale.
- The deal is expected to be completed within 3-9 months from regulatory approval.
- Avyom may raise future funding from external strategic investors at its level with board approval.
- DSM Fresh Foods operates on the BSE SME platform under the brand ZappFresh.
The bigger picture
- Avyom owns assets including ~5 acres of land and an operational food processing facility.
- Ambrozia Frozen Foods has a production capacity of approximately 15 tonnes per day.
- Ambrozia generates annual revenue of around Rs 16 crore with over 150 product SKUs.
- Ambrozia supplies institutional clients like Hyperpure and exports to Canada, UK, and UAE.
- DSM Fresh Foods reported Rs 95.6 crore in operating revenue for H1 FY26, showing 43% YoY growth.
About the business
- DSM Fresh Foods handles sourcing, processing, and delivery of meat and food products.
- The company serves both individual consumers and large institutional clients across India.
- Avyom Foodtech focuses on manufacturing ready-to-eat and ready-to-cook food items.
- Ambrozia produces breakfast items like idli, dosa fillings, and various snack products.
- Ambrozia also manufactures fritters, gravies, breads, and sauces for diverse consumer needs.
- Ambrozia exports its frozen food products to markets in Canada, the UK, and UAE.
- DSM Fresh Foods achieved a net profit of Rs 7 crore in the first half of FY26.
- The company's operating revenue grew significantly to Rs 95.6 crore during the same period.
What happens next
- Completion of the Avyom acquisition within 3-9 months of approval.
- Integration of Ambrozia Frozen Foods assets following the slump sale.
- Possibility of raising external strategic funding at the Avyom level.
The deal
- Type
- Acquisition
Founders
- Deepanshu Manchanda, Managing Director