Direct-to-consumer meat delivery and processed foods company Zappfresh has approved the acquisition of a 51% stake in Avyom Foodtech Pvt Ltd through a Rs 7.5 crore private placement, according to a board resolution.
The completion of the transaction is expected within the next 3–9 months.
The acquisition will give Zappfresh access to the ready-to-cook (RTC) and ready-to-eat (RTE) food solutions segment, expanding its product portfolio beyond fresh meat and seafood. The capital infusion into the proposed subsidiary will be deployed in phases in…
