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ZappFresh ends FY23 with profit and Rs 57 Cr revenue

Entrackr · 1y

ZappFresh, a smaller player in the direct-to-consumer meat delivery sector compared to Licious and FreshToHome, has maintained profitability in FY22 and FY23. Despite not pursuing rapid growth, it generated revenue of Rs 70 crore in FY23, with a focus on sustainable growth. ZappFresh operates in Delhi-NCR and Bengaluru, delivering fresh meat, seafood, and ready-to-cook items. Material procurement was the primary cost center, accounting for 40-50% of expenses, while the company's profit in FY23 was around Rs 3.5 crore. It aims for two-fold growth in profit after tax in the current fiscal year.