GreetEat Signs Binding LOI to Acquire ChefKart
https://www.globenewswire.com/news-release/20...fkart.html
RENO, Nev., Aug. 11, 2026 (GLOBE NEWSWIRE) -- GreetEat Corporation (OTC: GEAT) ("GreetEat" or the "Company"
, a technology company focused on developing and expanding technology-enabled platforms across consumer services, hospitality, and market intelligence, today announced that it has entered into a binding letter of intent (the "LOI" with ChefKart Hospitality Private Limited ("ChefKart" to acquire the India-based, technology-enabled platform through which households can book trained and verified home chefs for recurring in-home cooking services.
Under the LOI, GreetEat would acquire, subject to the satisfaction of the applicable conditions, all of the equity of ChefKart. Upon completion, ChefKart would operate as a wholly owned subsidiary of GreetEat. The intent is for GreetEat to preserve and build upon ChefKart’s existing operations while evaluating opportunities to support its continued development in India. Founded in 2020, ChefKart operates a technology-enabled platform connecting households with home chefs. The proposed acquisition would bring ChefKart’s operating business, technology, management team, chef network, customer relationships and existing revenue base into GreetEat’s broader platform strategy.
The pending transaction also reflects GreetEat’s strategy of developing and expanding technology-enabled platforms that simplify participation, improve information flow, and reduce friction across consumer-service markets. ChefKart applies that technology-platform model to an everyday household need by facilitating recurring connections between households in Indian cities seeking in-home cooking support and qualified chefs seeking service opportunities.
“Executing this binding LOI is an important step for GreetEat and reflects the direction we have been working toward as a Company,” said Vishal Patel, Chief Executive Officer of GreetEat Corporation. “ChefKart has built a technology-enabled operating platform in India, around a growing and recurring household need, supported by a management team with direct experience in the India marketplace. We believe the proposed combination is consistent with GreetEat’s broader platform strategy and can provide a meaningful foundation for the Company’s continued development.”
For GreetEat, the proposed acquisition would represent an expansion into an operating consumer-services platform in India and a step toward building a more diversified technology-platform company. For ChefKart, the proposed combination is intended to provide a public-company framework and access to strategic resources that would potentially support ChefKart’s next stage of development.
“ChefKart was built to make dependable in-home cooking services easier for households to access while creating structured opportunities for trained chefs,” said Vaibhav Gupta, Co-Founder and Chief Executive Officer of ChefKart. “The proposed combination would bring together ChefKart’s operating experience in India and GreetEat’s public-company platform and broader strategic reach. We look forward to completing the remaining work required under the LOI, closing this transaction, and actively pursuing the next phase of ChefKart’s development together with GreetEat.”
Management for both companies remind current and potential stakeholders that the proposed transaction remains subject to due diligence, definitive agreements, required approvals, financing, and customary closing conditions. Although the binding LOI represents meaningful progress, substantial work remains, and there can be no assurance that the transaction will be completed on the contemplated terms, within the anticipated timeframe, or at all. Both companies, however, are firmly committed to moving forward in earnest, and intend to provide additional information as it is substantiated and disclosure becomes appropriate.
https://www.globenewswire.com/news-release/20...fkart.html
RENO, Nev., Aug. 11, 2026 (GLOBE NEWSWIRE) -- GreetEat Corporation (OTC: GEAT) ("GreetEat" or the "Company"
, a technology company focused on developing and expanding technology-enabled platforms across consumer services, hospitality, and market intelligence, today announced that it has entered into a binding letter of intent (the "LOI" with ChefKart Hospitality Private Limited ("ChefKart" to acquire the India-based, technology-enabled platform through which households can book trained and verified home chefs for recurring in-home cooking services. Under the LOI, GreetEat would acquire, subject to the satisfaction of the applicable conditions, all of the equity of ChefKart. Upon completion, ChefKart would operate as a wholly owned subsidiary of GreetEat. The intent is for GreetEat to preserve and build upon ChefKart’s existing operations while evaluating opportunities to support its continued development in India. Founded in 2020, ChefKart operates a technology-enabled platform connecting households with home chefs. The proposed acquisition would bring ChefKart’s operating business, technology, management team, chef network, customer relationships and existing revenue base into GreetEat’s broader platform strategy.
The pending transaction also reflects GreetEat’s strategy of developing and expanding technology-enabled platforms that simplify participation, improve information flow, and reduce friction across consumer-service markets. ChefKart applies that technology-platform model to an everyday household need by facilitating recurring connections between households in Indian cities seeking in-home cooking support and qualified chefs seeking service opportunities.
“Executing this binding LOI is an important step for GreetEat and reflects the direction we have been working toward as a Company,” said Vishal Patel, Chief Executive Officer of GreetEat Corporation. “ChefKart has built a technology-enabled operating platform in India, around a growing and recurring household need, supported by a management team with direct experience in the India marketplace. We believe the proposed combination is consistent with GreetEat’s broader platform strategy and can provide a meaningful foundation for the Company’s continued development.”
For GreetEat, the proposed acquisition would represent an expansion into an operating consumer-services platform in India and a step toward building a more diversified technology-platform company. For ChefKart, the proposed combination is intended to provide a public-company framework and access to strategic resources that would potentially support ChefKart’s next stage of development.
“ChefKart was built to make dependable in-home cooking services easier for households to access while creating structured opportunities for trained chefs,” said Vaibhav Gupta, Co-Founder and Chief Executive Officer of ChefKart. “The proposed combination would bring together ChefKart’s operating experience in India and GreetEat’s public-company platform and broader strategic reach. We look forward to completing the remaining work required under the LOI, closing this transaction, and actively pursuing the next phase of ChefKart’s development together with GreetEat.”
Management for both companies remind current and potential stakeholders that the proposed transaction remains subject to due diligence, definitive agreements, required approvals, financing, and customary closing conditions. Although the binding LOI represents meaningful progress, substantial work remains, and there can be no assurance that the transaction will be completed on the contemplated terms, within the anticipated timeframe, or at all. Both companies, however, are firmly committed to moving forward in earnest, and intend to provide additional information as it is substantiated and disclosure becomes appropriate.
