Acquisition · Commerce & Consumer Brands

Zappfresh buys 51% stake in Avyom Foodtech

By Startup Enthusiast · 2 January 2026

What they do

Zappfresh delivers fresh meat within 90 minutes in Delhi-NCR and Bengaluru

It acquired a 51% stake in Avyom Foodtech for ₹7.5 crore via private placement

The deal gives Zappfresh entry into ready-to-eat and ready-to-cook food segments

Zappfresh's board approved the acquisition of a 51% stake in Avyom Foodtech.
The stake is acquired via a ₹7.5 crore private placement (sale of shares to a select group of investors).
The transaction is expected to complete within 3 to 9 months.
The acquisition gives Zappfresh entry into ready-to-eat (RTE) and ready-to-cook (RTC) food segments.
It also enables Zappfresh to expand into overseas export markets.
Avyom's turnover for FY25 was ₹14.9 Lakh, a 32% drop from ₹19.6 Cr in FY24.
Avyom has entered a binding agreement to acquire Ambrozia Frozen Foods' food processing business via a slump sale (sale of the business as a going concern without assigning individual asset values).
The Ambrozia deal includes ~5 acres of land, a fully operational food processing facility, plant and machinery, and assumes liabilities like bank borrowings and trade payables.

Zappfresh listed on the BSE SME exchange in October 2025, raising ₹53 crore via a fresh issue.
IPO proceeds were originally earmarked for marketing, capex, working capital, and acquisitions.
Zappfresh's board revised IPO utilisation: now ₹12.2 crore for acquisitions, up from ₹2.2 crore initially.
To fund the increased acquisition allocation, Zappfresh reduced capex and marketing budgets by ₹5 crore each.
Zappfresh previously acquired Mumbai-based Bonsaro (2024) and Dr Meat (2023).

Zappfresh procures meat from farms and delivers to end customers within 90 minutes of order.
It operates in Delhi-NCR and Bengaluru.
Zappfresh reported a net profit of ₹7 crore in H1 FY26, a 2.9X jump from ₹2.4 crore in H1 FY25.
Operating revenue in H1 FY26 was ₹95.6 crore, up 43% year-on-year.
Avyom Foodtech produces frozen and ambient food items, snacks, gravies, sauces, and other preparations.
Ambrozia Frozen Foods operates a facility with 150+ SKUs including idli, medu vada, kebabs, momos, gravies, breads, and sauces.
Ambrozia serves institutional and QSR customers including Hyperpure, Faasos, and Jubilant.

Zappfresh plans to complete the Avyom acquisition within 3 to 9 months.
It will deploy capital into Avyom in phases per the business transfer agreement.
The company aims to use the acquisition to enter RTE and RTC segments and expand exports.