ChefKart Revenue Surges 224% as GreetEat Acquisition Advances
GEAT has more than doubled off its 52-week low of $0.005 on elevated volume (9.3× avg).
Summary
ChefKart, the India-based home-chef platform GreetEat agreed to acquire in August, reported January–July 2026 revenue of US$687,000, up 224% year-over-year and already exceeding its full-year 2025 revenue of US$509,000. The company also disclosed unit economics: ₹550 average order value, 38% gross margin, 10% contribution margin, and 79% slot utilization, along with a net loss of ₹1.5 crore for the seven-month period. Operating metrics show strong traction—24,583 monthly bookings, over 70% repeat business, and more than 3 million meals facilitated. This is the first detailed financial disclosure since the binding LOI was announced on August 11, giving investors concrete numbers to evaluate the proposed acquisition. The deal remains subject to due diligence, definitive agreements, and financing, but the revenue acceleration and high repeat usage support management's expansion thesis.
At the time of this announcement, GEAT was trading at $0.04 on OTC in the Technology sector, with a market capitalization of approximately $9M. The 52-week trading range was $0.01 to $0.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.