Zappfresh, the only profitable meat delivery platform in India, has announced a funding round of Rs 30 crores (approximately $4.3 million). The investment comes from a consortium of investors like Ah! Ventures, HT Media, Unity SFB, and Heifer Impact, marking a significant milestone in Zappfresh’s growth trajectory.
The company said it will divert this fund towards acquisitions, expansions, and infrastructure upgrades in both the North and South markets. The company also plans to launch new product lines. These new products will cater to the evolving needs and preferences of the customers, offering them more choices and convenience.
This funding round marks a significant milestone in the start-up's journey, reinforcing its commitment to providing high-quality, fresh meat to consumers across the country, the statement added.
Deepanshu Manchanda, the founder of Zappfresh, expressed his enthusiasm about the new partnerships, “We are extremely delighted to welcome our new partners on board. Their support will be instrumental in launching a variety of strategic initiatives. This collaboration will not only help us expand our reach but also build more traction in our diverse product portfolio, which includes poultry, goat meat, seafood, and ready-to-eat products. We are excited about the opportunities this partnership will unlock, allowing us to serve our customers better and redefine the meat delivery landscape in India.”
On this occasion, Pranjit Talukdar, representative of Heifer Impact, said: “Our partnership with Zappfresh, is set to improve the livelihoods of many small holder women backyard poultry producers in the country, helping them expand their market reach and generate substantial income.”