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Zappfresh expands to MENA region with Dubai launch in Q2 2025

EntrackrEntrackr · 8m ago
Zappfresh expands to MENA region with Dubai launch in Q2 2025
Medial

Zappfresh expands to MENA region with Dubai launch in Q2 2025 Online fresh fish and meat retailer ZappFresh has expanded its operations across India, the Middle East, and the MENA region. The Gurugram-based company is set to launch its operations in Dubai in the second quarter of 2025. The firm aims to strengthen its presence in western India and explore new markets. It recently broadened its footprint by acquiring Bonsaro, a Mumbai-based online meat and seafood delivery brand. According to a press release by ZappFresh, this expansion has been strategically planned and thoroughly researched as part of the company’s global growth strategy. Founded in 2015 by Deepanshu Manchanda, ZappFresh offers fresh meat, seafood, and ready-to-cook items through its app and website. The expansion has come at a time when Zappfresh is set to launch its initial public offering (IPO) in 2025. The firm filed a draft red herring prospectus (DRHP) for an IPO on BSE SME in August last year. ZappFresh reported a 60% increase in its operating revenue to Rs 90.4 crore in FY24 from Rs 56.3 crore in FY23, while its net profit saw a 70% year-on-year (YoY) growth to Rs 4.7 crore in the last financial year. ZappFresh has raised approximately $14 million to date, including $4.3 million in funding from Ah! Ventures, HT Media, and others in November last year. According to the startup data intelligence platform TheKredible, SIDBI Venture Capital is the largest external stakeholder in the nine-year-old firm, followed by other investors.

Zappfresh IPO lists at 20% premium; shares hit upper circuit

EntrackrEntrackr · 19d ago
Zappfresh IPO lists at 20% premium; shares hit upper circuit
Medial

News All Stories Zappfresh IPO lists at 20% premium; shares hit upper circuit DSM Fresh Foods, the parent company of online meat delivery platform Zappfresh, made a strong debut on the BSE SME today, listing at Rs 120 per share, a 20% premium over its issue price of Rs 100. Mukul Manchanda 09 Oct 2025 13:47 IST DSM Fresh Foods, the parent company of online meat delivery platform Zappfresh, made a strong debut on the BSE SME today, listing at Rs 120 per share, a 20% premium over its issue price of Rs 100. Zappfresh’s IPO was open for subscription from September 26 to October 6, 2025, with a price band of Rs 95–100 and a minimum investment of Rs 1.2 lakh. The company extended the closing date from September 30 due to low demand, as the issue was only 52% subscribed by then. In the end the Zappfresh’s IPO was oversubscribed 1.36 times, with the retail portion at 0.96x, QIBs (ex-anchors) at 1.53x, and NIIs at 2.06x. Zappfresh’s IPO comprised only a fresh issue of up to 59.06 lakh shares, raising about Rs 59.06 crore. According to the company, the net proceeds from the fresh issue will be utilized for capital expenditure of Rs 10.68 crore, marketing activities worth Rs 15 crore, working capital of Rs 25 crore, and the remaining amount for unidentified acquisitions and general corporate purposes. Zappfresh’s shares hit the upper circuit at Rs 126 apiece as of 1:20 PM today, trading 26% above the issue price, with a total market capitalization of Rs 280.8 crore ($32 million). Founded in 2015 by Deepanshu Manchanda, ZappFresh sells fresh meat, seafood, and ready-to-cook items through its app and website. The company obtains its meat and fish from local farms, processes them at plants and customizes pieces before delivering them to the customers. As on the date of RHP, founder Deepanshu Manchanda holds a 27.66% stake in the company. According to TheKredible, the SIDBI-backed company has raised around $13 million to date, with its most recent funding of $4.3 million (Rs 30 crore) coming in November 2023 from Ah! Ventures, HT Media, and others. For the fiscal year ended March 2025, Zappfresh’s operating scale grew by over 44% to RS 130.73 crore, while its profit nearly doubled to Rs 9.05 crore.

Exclusive: ZappFresh converts into public company

EntrackrEntrackr · 1y ago
Exclusive: ZappFresh converts into public company
Medial

Joining the league of many companies such as Swiggy, FirstCry, Cars24, Pine Labs, and Pepperfry, meat delivery platform ZappFresh is preparing to go public. Taking the first step towards the process, the Gurugram-based firm is now converting into a public entity. The new name of the company is ‘DSM Fresh Foods Limited’, regulatory filings show. According to Entrackr’s sources, the company is likely to go IPO in the last leg of the ongoing financial year (FY25). Queries sent to ZappFresh didn’t elicit any immediate response. Founded in 2015 by Deepanshu Manchanda, ZappFresh sells fresh meat, seafood, and ready-to-cook items through its app and website. The company obtains its meat and fish from local farms, processes them at plants and customizes pieces before delivering them to the customers. Last year, it completed its first acquisition — Dr. Meat from Sukos Foods. Dr. Meat specializes in providing sustainably bred chicken from the outskirts of Bengaluru. It is also operational in Delhi-NCR. Zappfresh has also increased its authorized capital concerning the IPO and announced bonus shares in the ratio of 725:1 i.e. 725 equity shares for every 1 equity shares held by the shareholders, the filing added. Zappfresh proposed the appointment of Anchal Kapoor and Suman Chaudhary as independent directors, with Manchanda proposed to serve as Managing Director and Chairman of the company. The company has raised around $14 million to date including its $4.3 million funding from Ah! Ventures, HT Media and others in November last year. According to the startup data intelligence platform TheKredible, SIDBI Venture Capital is the largest external stakeholder in the nine-year-old firm followed by other investors. The company is yet to file its financial results for FY24 but its revenue from operations was flat at Rs 56 crore during the fiscal year ended March 2023. The firm posted a profit of Rs 11 crore in the same period.

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