DSM Fresh Foods Zappfresh
1 MAbout DSM Fresh Foods Zappfresh
A Comprehensive Overview of Price & Journey
Understanding DSM Fresh Foods Zappfresh Inception and Growth
Overview
Zappfresh was established in 2015, has swiftly risen to prominence by blending convenience, unpreserved products, with a commitment to customer satisfaction. With a user-friendly website and mobile application that offers a diverse selection of fresh and hygienically sourced meats, ranging from succulent cuts of mutton, poultry, and seafood to exotic options.
Online platform offering multi-category meat and seafood products. It offers products such as fish cuts, fish steaks, whole fish, fish filets, prawns, mutton boneless, mutton keema, chicken thighs, chicken wings, boneless chicken, chicken keema, etc.
It also offers ready-to-eat products like chicken kebabs, mutton kebabs, chicken fingers, chicken wings, prawn cheese balls, cutlets, fish sticks, etc. Its mobile app is available for Android and iOS users.
The company is a fresh meat and ready-to-cook/eat non-veg products retailer. It was an online meat delivery company committed to revolutionizing the way customers experience and enjoy high-quality non-veg food. As of now, Zappfresh’s Unlisted share price has been a topic of interest for investors, with many speculating about the company’s Zappfresh IPO. Though no official Zappfresh share price has been revealed yet, the Zappfresh IPO is highly anticipated.
Products
They are currently dealing in three types of non-veg products:
-
Chicken
-
Mutton
-
Sea Food
Business Process
SOURCING
Partnership with Farmers
Breeding and Rearing of Produce
Delivery to Processing Center
PRIMARY PROCESSING (Level 1)
Designated Processing Center
Slaughtering
Cleaning
Quality and Safety Standards
SECONDARY PROCESSING (Level II)
II Level Processing
Stock Keeping Units (SKUs) Management
LAST MILE DELIVERY
Order Placement
Order Fulfillment
Product Packaging
Delivery Logistics
Competitive Strength
-
Experienced and Qualified management team
-
Well-organized organizational structure
-
Efficient business model (Farm to Fork Model)
-
High-quality farms
-
Quality Assurance and Standards
Business Strategies
-
Expansion of our geographical footprint
-
Logistics and Delivery Optimisation
-
Offline transformation of conventional meat shops into "Zappfresh stores"
-
Convenient Ordering Process
Business Model
-
Local Sourcing and Processing
-
Farm-to-work Transparency
-
Multi-Channel Sales
Board Directors
-
Deepanshu Manchanda
-
Mohammad Arif Khan
-
Priya Aggarwal
-
Suman Chaudhary
-
Achal Kapoor
Registered Office
The Company’s Registered Office is in New Delhi, India.
Bonus Issue
The company issue 725 Equity Shares of Rs. 10- for every 1 Equity Share held and that such new Equity Shares so issued shall upon allotment have the same rights of voting as the existing Equity Shares of the Company and that the equity shares so allotted during the Financial Year shall be entitled to dividend, if any, proportionately in the year of the allotment of these shares.
Funding Details
-
Angel funding: In October 2015, Zappfresh raised $304,000 in angel funding.
-
November 2023 funding: Zappfresh raised INR 30 crore ($4.3 million) in a funding round from Ah! Ventures, HT Media, and others. The funds will be used for acquisitions, expansion, and infrastructure upgrades.
-
IPO: Zappfresh's parent company, DSM Fresh Foods Ltd, filed a draft red herring prospectus (DRHP) to list on the BSE SME platform. The IPO will include a fresh issue of 59.06 lakh equity shares with a face value of INR 10. Zappfresh plans to use the proceeds from the IPO for acquisitions.
Listing Status
DRHP Filed
IPO Details
The company has filed its DRHP, and the expected date of IPO is in the Mid of FY25, but as of now, no information is provided by the company regarding the price and valuation at which it will bring its IPO.
Dividend Details
The company has not declared any dividends for any of the FYs.
Subsidiaries
The Company does not have any subsidiary companies as of the date of filing of this Draft Red Herring Prospectus.
Associate
Zappfresh is associated with the company name DSM Fresh Foods Private Limited.
Competitors
-
Licious
-
TenderCuts
-
Fresh to Home Foods
-
Fipola
-
FreshR
-
Good to Go
-
Blissfresh
-
Jalongi
-
Meatigo
-
Farmery
SHOW MORE...
Overview
Zappfresh was established in 2015, has swiftly risen to prominence by blending convenience, unpreserved products, with a commitment to customer satisfaction. With a user-friendly website and mobile application that offers a diverse selection of fresh and hygienically sourced meats, ranging from succulent cuts of mutton, poultry, and seafood to exotic options.
Online platform offering multi-category meat and seafood products. It offers products such as fish cuts, fish steaks, whole fish, fish filets, prawns, mutton boneless, mutton keema, chicken thighs, chicken wings, boneless chicken, chicken keema, etc.
It also offers ready-to-eat products like chicken kebabs, mutton kebabs, chicken fingers, chicken wings, prawn cheese balls, cutlets, fish sticks, etc. Its mobile app is available for Android and iOS users.
The company is a fresh meat and ready-to-cook/eat non-veg products retailer. It was an online meat delivery company committed to revolutionizing the way customers experience and enjoy high-quality non-veg food. As of now, Zappfresh’s Unlisted share price has been a topic of interest for investors, with many speculating about the company’s Zappfresh IPO. Though no official Zappfresh share price has been revealed yet, the Zappfresh IPO is highly anticipated.
Products
They are currently dealing in three types of non-veg products:
-
Chicken
-
Mutton
-
Sea Food
Business Process
SOURCING
Partnership with Farmers
Breeding and Rearing of Produce
Delivery to Processing Center
PRIMARY PROCESSING (Level 1)
Designated Processing Center
Slaughtering
Cleaning
Quality and Safety Standards
SECONDARY PROCESSING (Level II)
II Level Processing
Stock Keeping Units (SKUs) Management
LAST MILE DELIVERY
Order Placement
Order Fulfillment
Product Packaging
Delivery Logistics
Competitive Strength
-
Experienced and Qualified management team
-
Well-organized organizational structure
-
Efficient business model (Farm to Fork Model)
-
High-quality farms
-
Quality Assurance and Standards
Business Strategies
-
Expansion of our geographical footprint
-
Logistics and Delivery Optimisation
-
Offline transformation of conventional meat shops into "Zappfresh stores"
-
Convenient Ordering Process
Business Model
-
Local Sourcing and Processing
-
Farm-to-work Transparency
-
Multi-Channel Sales
Board Directors
-
Deepanshu Manchanda
-
Mohammad Arif Khan
-
Priya Aggarwal
-
Suman Chaudhary
-
Achal Kapoor
Registered Office
The Company’s Registered Office is in New Delhi, India.
Bonus Issue
The company issue 725 Equity Shares of Rs. 10- for every 1 Equity Share held and that such new Equity Shares so issued shall upon allotment have the same rights of voting as the existing Equity Shares of the Company and that the equity shares so allotted during the Financial Year shall be entitled to dividend, if any, proportionately in the year of the allotment of these shares.
Funding Details
-
Angel funding: In October 2015, Zappfresh raised $304,000 in angel funding.
-
November 2023 funding: Zappfresh raised INR 30 crore ($4.3 million) in a funding round from Ah! Ventures, HT Media, and others. The funds will be used for acquisitions, expansion, and infrastructure upgrades.
-
IPO: Zappfresh's parent company, DSM Fresh Foods Ltd, filed a draft red herring prospectus (DRHP) to list on the BSE SME platform. The IPO will include a fresh issue of 59.06 lakh equity shares with a face value of INR 10. Zappfresh plans to use the proceeds from the IPO for acquisitions.
Listing Status
DRHP Filed
IPO Details
The company has filed its DRHP, and the expected date of IPO is in the Mid of FY25, but as of now, no information is provided by the company regarding the price and valuation at which it will bring its IPO.
Dividend Details
The company has not declared any dividends for any of the FYs.
Subsidiaries
The Company does not have any subsidiary companies as of the date of filing of this Draft Red Herring Prospectus.
Associate
Zappfresh is associated with the company name DSM Fresh Foods Private Limited.
Competitors
-
Licious
-
TenderCuts
-
Fresh to Home Foods
-
Fipola
-
FreshR
-
Good to Go
-
Blissfresh
-
Jalongi
-
Meatigo
-
Farmery
About DSM Fresh Foods Zappfresh
IPO Details, Price movement
Performance Highlights FY24
-
Zappfresh’s net profit grew 70% to INR 4.7 Cr in FY24 from INR 2.7 Cr in the previous fiscal year.
-
Delhi continued to contribute the highest revenue and accounted for 35.7% of its operating revenue. It was followed by Haryana with a 27.96% share in revenue.
-
The IPO-bound startup’s operating revenue surged more than 60% to INR 90.4 Cr in FY24 from INR 56.3 Cr in FY23. It must be noted that its revenue was almost on a YoY basis in FY23.
-
Zappfresh operates in three segments of meat – chicken, mutton, and seafood. While the chicken business contributed INR 51.1 Cr to its revenue in FY24, growing 61.7% YoY, the mutton segment grew 50% YoY to clock INR 18.5 Cr in revenue.
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The restated profit before tax for FY 23-24 stood at Rs. 7.62 Crores, whereas in FY 22-23 it stood at Rs. 2.81 Crores, representing an increase of 171.01%.
-
The restated profit after tax for FY 23-24 stood at Rs. 4.66 Crore, whereas in FY 22-23 it stood at Rs. 2.73 Crores, representing an increase of 70.40%.
Industry Analysis
According to a report by Statista, revenue in the Indian processed meat market amounts to US$ 2.72 billion in 2024 and is expected to grow annually by 6.05% (CAGR 2024-28). India's raw meat exports reached a value of US$ 3.6 billion in 2023, growing by 12.1% YoY.
Dia’s raw meat exports reached a value of US$ 3.6 billion in 2023, growing by 12.1% YoY. A large share of this value is taken up by the Meat of bovine animals (US$ 3.2 billion). Exports of poultry products were recorded at US$ 168.6 million, growing by 44.5% YoY. The country was ranked 13th in terms of exports globally. Indian meat products are in demand globally due to cost competitiveness, perceived organic nature, and low fat proportion.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 56.43 | 56.28 | 90.44 |
| Other Income | 0.12 | 0.33 | 0.24 |
| COGS | 43.28 | 41.16 | 68.54 |
| Gross Profit | 13.27 | 15.45 | 22.14 |
| Total Expense | 16.06 | 12.04 | 12.56 |
| EBIDTA | -2.79 | 3.41 | 9.58 |
| D&A | 0.21 | 0.35 | 1.03 |
| EBIT | -3.00 | 3.06 | 8.55 |
| Interest Expense | 0.10 | 0.25 | 0.93 |
| PBT | -3.10 | 2.81 | 7.62 |
| TAX | -0.61 | 0.07 | 2.96 |
| PAT | -2.49 | 2.74 | 4.67 |
| Diluted EPS | -2.44 | 2.69 | 4.53 |
| Basic EPS | -2.44 | 2.69 | 4.54 |
| Total income | 56.55 | 56.61 | 90.68 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 0.64 | 0.30 | 4.37 |
| Trade Payables | 8.20 | 4.51 | 5.15 |
| Inventory | 0.01 | 0.05 | 4.01 |
| Other Current Assets | 1.28 | 6.18 | 13.02 |
| Total Current Assets | 10.13 | 11.04 | 26.55 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 0.58 | 0.69 | 4.59 |
| Other Non Current Assets | 10.36 | 10.28 | 18.85 |
| Total Non Current Assets | 10.94 | 10.97 | 23.44 |
| Total Assets | 21.07 | 22.01 | 49.99 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 7.75 | 2.73 | 3.23 |
| Other Current Liab | 1.55 | 2.61 | 6.57 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Long Term Debt | - | - | 1.98 |
| Other Non Current Liab | 0.13 | 0.14 | 0.19 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 0.08 | 0.08 | 0.09 |
| Other Equity | 11.57 | 16.46 | 37.95 |
| Total Equity | 11.65 | 16.54 | 38.04 |
| Total Liabilities & Equity | 11.65 | 16.54 | 38.04 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | -2.33 | -2.42 | -13.04 |
| Cash Flow from financing | - | 2.44 | 3.10 | 22.02 |
| Cash Flow from investing | - | -0.02 | -1.01 | -4.91 |
| Net cash flow | 0.00 | 0.09 | -0.33 | 4.07 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2026
| Name | Designation | Share % |
|---|---|---|
| Deepanshu Manchanda | NA | 56.99% |
| Bhanu Singhal | NA | 6.38% |
| A.R Chadha & Co India Private Limited | NA | 4.84% |
| Others | NA | 31.79% |
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Purple Style Labs Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.