Hindustan Media Ventures Ltd on Tuesday said that it will acquire an interest of 3.54 percent for RS 11.99 Crore in DSM fresh food, which operates direct-to-consumer online Meat Delivery brand ZappFresh.
On November 20, 2023, the company concluded an agreement to make an investment of RS 11.99 CRORE by subscribing to 807 shares of DSM Fresh Foods PVT LTD, which is in a regulatory approach of 3.54 percent of the fully diluted stock capital of the target of the target.
“Investments are being made in a growing company that is doing well in the space of online delivery of meat products (fresh and ready-made/food),” said HMVL.
Zappfresh has a wide range of meat products such as chicken, sheep meat, seafood and special meat, added it.
In FY23 it had clocked a turnover of RS 56 28 crore, the application said.
