Zappfresh to Buy 51% of Avyom Foodtech in Push Into Ready Foods

Overview

• DSM Fresh Foods’ board approved acquiring a controlling 51% stake in Avyom through a private placement of about INR 7.5 crore, with completion targeted in 3–9 months.
• Avyom has a binding agreement to buy Ambrozia Frozen Foods’ processing business via a slump sale that includes roughly five acres of land, a running facility, and plant and machinery with bank and trade liabilities assumed.
• Zappfresh aims to enter ready-to-eat and ready-to-cook categories while building export reach, leveraging Ambrozia’s 150-plus SKUs and relationships with institutional and QSR clients such as Hyperpure, Faasos, and Jubilant.
• Avyom was incorporated in 2022 by Zappfresh directors and reported FY25 turnover of INR 14.9 lakh, underscoring the importance of integration as operations scale under the new structure.
• Following its October 2025 SME listing, Zappfresh revised IPO proceeds to allocate INR 12.2 crore toward acquisitions, up from INR 2.2 crore initially earmarked.