Zappfresh To Acquire Majority Stake In RTC Meat Brand Avyom Foodtech

by · Inc42

SUMMARY

  • Zappfresh board approved to buy 51% stake in Avyom Foodtech with a capital infusion of INR 7.5 Cr via private placement
  • As part of this deal, the proposed subsidiary has entered into a binding agreement with Ambrozia Frozen Foods via a slump sale
  • Prior to this, the company acquired Mumbai-based online meat and seafood delivery brand Bonsaro and Sukos Foods operated brand Dr Meat