DSM Fresh Foods IPO

Incorporated in 2015, DSM Fresh Foods Limited is an online meat delivery company offering fresh meat and ready-to-cook/eat non-veg products to consumers. It operates under the brand name “ZappFresh” and has storage facilities at Delhi, Bengaluru and Mumbai. The company’s process covers sourcing livestocks from partner farmers, followed by I and II level processing, culminating in last-mile delivery. The India poultry meat market size is estimated at $6.31 billion in 2024 and is expected to reach $7.30 billion by 2029, growing at a CAGR of 2.97%. The B2B segment constituted 28.06% of FY25 revenue and the B2C segment contributed 71.94%. Product wise, chicken contributed 54.85% of revenue, followed by mutton contributing 21.04% and seafood 24.11%. Regionally, Bengaluru contributed the highest revenue at 42.63%, followed by Delhi contributing 19.36% and Uttar Pradesh 15.33%.