Zappfresh Acquires Bonsaro to Expand Meat Delivery in Mumbai
By Rediff Money Desk, New Delhi Aug 20, 2024 15:34
Zappfresh, an online meat delivery platform, has acquired Mumbai-based Bonsaro to strengthen its presence in West India, aiming for Rs 160 crore revenue in FY 25.
New Delhi, Aug 20 (PTI) Startup Zappfresh, which sells meat through its online platform, has acquired Mumbai-based Bonsaro to expand its business in West India.
In a statement on Tuesday, Zappfresh said it has acquired Bonsaro (Majestic Aliments India Pvt Ltd), which specialises in poultry, goat, and seafood online delivery.
Zappfresh has taken over the entire operations and business of Bonsaro, including all assets, to expand its presence in the western region.
With this acquisition, the company is expecting a revenue of Rs 160 crore in FY 25 with a significant jump in profit.
Deepanshu Manchanda, the founder of Zappfresh, said, "By integrating Bonsaro into our portfolio, we are poised to build a pan-India brand that operates in key markets. Mumbai, being a critical market, will contribute significantly to our footprint in the west."
"Our expansion strategy remains disciplined we expand one city at a time, ensuring profitability without compromising our bottom line. We only venture into new markets once we achieve break-even," he added.
ZappFresh as a D2C brand has got funding from investors, including SIDBI VC, Dabur Family Office, Letsventure, Keritsu Forum, HT and several prominent angels from the food and tech sectors.
In a statement on Tuesday, Zappfresh said it has acquired Bonsaro (Majestic Aliments India Pvt Ltd), which specialises in poultry, goat, and seafood online delivery.
Zappfresh has taken over the entire operations and business of Bonsaro, including all assets, to expand its presence in the western region.
With this acquisition, the company is expecting a revenue of Rs 160 crore in FY 25 with a significant jump in profit.
Deepanshu Manchanda, the founder of Zappfresh, said, "By integrating Bonsaro into our portfolio, we are poised to build a pan-India brand that operates in key markets. Mumbai, being a critical market, will contribute significantly to our footprint in the west."
"Our expansion strategy remains disciplined we expand one city at a time, ensuring profitability without compromising our bottom line. We only venture into new markets once we achieve break-even," he added.
ZappFresh as a D2C brand has got funding from investors, including SIDBI VC, Dabur Family Office, Letsventure, Keritsu Forum, HT and several prominent angels from the food and tech sectors.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- G V Films
- 0.82 ( -9.89)
- 67201825
- Reliance Power L
- 36.26 (+ 0.25)
- 46114943
- GTL Infrastructure
- 2.87 (+ 3.24)
- 35969601
- Alstone Textiles
- 0.83 ( -2.35)
- 30337142
- RattanIndia Power
- 16.56 (+ 1.66)
- 29170196
MORE NEWS
Surety Bonds for India's Infrastructure...
Irdai Chairman highlights the crucial role of surety bonds in supporting India's...
SBI Life Faces Rs 239 Crore GST Demand
SBI Life received a GST demand notice of Rs 239.27 crore for FY 2019-20, related to...
DPIIT Revokes Copyright Rule Extension for...
DPIIT has withdrawn a 2016 memorandum extending copyright law to internet...