DSM Fresh Foods acquires Ambrozia Frozen Food Partnership Firm

Transfer agreement executed by Avyom Foodtech

DSM Fresh Foods, a technology-enabled fresh foods plaƞorm operating under the ZappFresh brand, announced that Avyom
Foodtech, has executed a binding Business Transfer Agreement (BTA) with Ambrozia Frozen Food Partnership Firm for the acquisition of Ambrozia’s operating food processing business on a slump sale, going-concern basis. The transaction marks DSM Fresh Foods’ strategic entry into the Ready-to-Eat (RTE) and Ready-to-Cook (RTC) processed foods segment through a revenue-generating, asset-backed platform.

DSM Fresh Foods is proposing to acquire a 76 per cent equity stake in Avyom Foodtech through a primary cash infusion of ₹8 crore (approx.), which will be infused into the acquired business. Concurrently, DSM Fresh Foods’ promoter, Deepanshu Manchanda, will invest Rs 2 crore (approx.) in Avyom Foodtech at the same valuation, through a fresh issue of shares comprising 19 per cent equity, along with an addiƟonal 5% equity to be issued as sweat equity.

Deepanshu Manchanda, Managing Director, DSM Fresh Foods, said, “The execution of the Business Transfer Agreement represents a critical milestone in DSM’s transformaƟon into an integrated food solutions plaƞorm. The structured and performance-linked framework ensures capital discipline while giving us immediate operational control over a scalable, export-ready processed foods business. This positions us strongly to build a meaningful RTE and RTC verƟcal over the coming quarters while enhancing long-term shareholder value.”