Zappfresh to acquire majority stake in Avyom Foodtech

Share via:


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Zappfresh to acquire majority stake in Avyom Foodtech


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

ETtech Deals Digest: Startups raise $50 million this week,...

Startups raised around $50.2 million between December 27...

India approves 22 projects under Electronics Component PLI scheme

The government has approved 22 investment proposals under...

Another AirPods Pro 3 model is coming, with one...

AirPods Pro 3 launched just a few months...

Popular