DSM Fresh Foods Ltd. Announces Fund Raise for Meevaa Foods Brand
DSM Fresh Foods Limited, formerly known as DSM Fresh Foods Private Limited, announced plans for a fund raise to support its brand, Meevaa Foods. The announcement came in an investor presentation dated March 25, 2026.The company highlighted its position as India's first profitable D2C fresh protein platform, currently pursuing strategic expansion through acquisitions in the FMCG space. Mr. Deepanshu Manchanda, Managing Director & Chairman, has been appointed as a Goodwill Ambassador, reinforcing the company's credibility in nutrition security, farmer inclusion, and sustainable food systems.
DSM Fresh Foods highlighted its capacity and retail expansion initiatives, including infrastructure upgrades, scaling of retail presence, and focus on improving throughput and unit economics. The company also noted incremental investments in aquaculture projects to enhance backward integration and improve raw material sourcing.
Key financial metrics include:
- 82% PAT CAGR (FY23-FY25)
- 52% Revenue CAGR (FY23-FY25)
- 34% Gross Margin (H1FY26)
- 31% ROCE (H1FY26)
- ~90% Monthly Repeat Orders
- 69 Days Working Capital Cycle (H1FY26)
The company’s product portfolio includes brands ZappFresh and Meevaa Foods, offering a diverse range of products including frozen, ready-to-eat, and ready-to-cook options. Meevaa Foods has a breakfast, snacks, gravy, bread, and formed product range.
DSM Fresh Foods is expanding its geographic footprint, targeting both domestic and international markets, including the Middle East, Canada, US, and Europe. The company employs a low-investment, co-branded retail expansion model.
The company has established an aquaculture platform with a ~500 tons annual capacity project and a 300-farmer sourcing alliance to secure supply. Seafood currently contributes approximately 20% of revenue, with the company targeting 30% in the medium term.
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