GreetEat Details the Strategic Opportunity Presented by ChefKart’s Technology-Enabled Service Platform
https://www.globenewswire.com/news-release/20...tform.html
RENO, Nev., Aug. 24, 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 outlined what it views as the strategic opportunity presented by ChefKart Hospitality Private Limited’s (“ChefKart”) reported operating profile and technology-enabled service platform.
According to operating information published by ChefKart in “ChefKart Confirms Signing Binding LOI With GreetEat, Reports Record Growth Momentum,” its reported operating milestones include the following, among others:
24,583 monthly bookings;
more than 70% repeat business;
an average customer rating of 4.75 out of 5 stars;
more than 250 active chefs and cooks across 10 operating clusters in Gurugram; and
cumulative milestones of more than three million meals supported, more than 100,000 families served and more than 5,500 cooks trained since ChefKart’s founding in 2020.
Additional information concerning ChefKart’s operating profile and service model is available in the company’s press release linked above.
GreetEat and ChefKart have entered into a binding letter of intent (the “LOI”) pursuant to which GreetEat would acquire all of ChefKart’s equity. If the proposed transaction is completed, ChefKart would become a wholly owned subsidiary of GreetEat. The transaction remains subject to due diligence, negotiation and execution of definitive agreements, required approvals, financing and other customary closing conditions.
GreetEat believes the strategic relevance of ChefKart’s operating profile does not rest on any single statistic. Rather, its value is reflected in the combination of a recurring household use case, an organized network of chefs and cooks, customer relationships, operating processes and a technology-enabled workflow that supports scheduling, pricing, service tracking, ratings and feedback.
Home cooking is an everyday need. Yet access to dependable in-home cooking services, particularly in India, has traditionally relied heavily on informal referrals, word of mouth and direct arrangements. ChefKart’s platform is designed to organize that fragmented process by helping households discover and schedule trained cooking professionals while providing greater structure around service delivery, pricing, verification and accountability.
ChefKart’s operating model is relevant to GreetEat’s broader business and growth strategy.
GreetEat seeks to identify and develop technology-enabled platforms that connect participants, improve information flow, facilitate transactions and reduce friction within consumer-service markets. ChefKart applies those platform characteristics to a familiar offline need, especially in India, while using technology to coordinate the participants and processes required to deliver the service.
“What we find strategically compelling is not the scale represented by any one operating figure,” said Vishal Patel, Chief Executive Officer of GreetEat Corporation. “It is the way ChefKart has organized a recurring real-world need through technology, operating processes and a distributed service network. We believe those characteristics are consistent with the type of technology-enabled platform GreetEat is seeking to develop and expand.”
Ultimately, GreetEat intends to preserve ChefKart’s management-led operating focus in India while evaluating how GreetEat’s strategic resources and broader platform strategy may support ChefKart’s continued development. Any such support would remain subject to continuing evaluation, available resources and the decisions of both companies’ management teams.
While ChefKart’s reported operating activity provides an important starting point for evaluating the opportunity, operating scale alone does not establish financial performance or future economics. GreetEat believes that a disciplined assessment must also consider the quality and durability of customer activity, the cost of delivering and expanding services, capital requirements and ChefKart’s historical financial results. These are all considerations relevant to evaluating readiness for any future uplisting. Future disclosures are expected to provide additional context as information is substantiated, approved and appropriate for public release.
Additional information concerning the LOI and proposed acquisition is available in GreetEat’s previous announcement, “GreetEat Signs Binding LOI to Acquire ChefKart.”
https://www.globenewswire.com/news-release/20...tform.html
RENO, Nev., Aug. 24, 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 outlined what it views as the strategic opportunity presented by ChefKart Hospitality Private Limited’s (“ChefKart”) reported operating profile and technology-enabled service platform.
According to operating information published by ChefKart in “ChefKart Confirms Signing Binding LOI With GreetEat, Reports Record Growth Momentum,” its reported operating milestones include the following, among others:
24,583 monthly bookings;
more than 70% repeat business;
an average customer rating of 4.75 out of 5 stars;
more than 250 active chefs and cooks across 10 operating clusters in Gurugram; and
cumulative milestones of more than three million meals supported, more than 100,000 families served and more than 5,500 cooks trained since ChefKart’s founding in 2020.
Additional information concerning ChefKart’s operating profile and service model is available in the company’s press release linked above.
GreetEat and ChefKart have entered into a binding letter of intent (the “LOI”) pursuant to which GreetEat would acquire all of ChefKart’s equity. If the proposed transaction is completed, ChefKart would become a wholly owned subsidiary of GreetEat. The transaction remains subject to due diligence, negotiation and execution of definitive agreements, required approvals, financing and other customary closing conditions.
GreetEat believes the strategic relevance of ChefKart’s operating profile does not rest on any single statistic. Rather, its value is reflected in the combination of a recurring household use case, an organized network of chefs and cooks, customer relationships, operating processes and a technology-enabled workflow that supports scheduling, pricing, service tracking, ratings and feedback.
Home cooking is an everyday need. Yet access to dependable in-home cooking services, particularly in India, has traditionally relied heavily on informal referrals, word of mouth and direct arrangements. ChefKart’s platform is designed to organize that fragmented process by helping households discover and schedule trained cooking professionals while providing greater structure around service delivery, pricing, verification and accountability.
ChefKart’s operating model is relevant to GreetEat’s broader business and growth strategy.
GreetEat seeks to identify and develop technology-enabled platforms that connect participants, improve information flow, facilitate transactions and reduce friction within consumer-service markets. ChefKart applies those platform characteristics to a familiar offline need, especially in India, while using technology to coordinate the participants and processes required to deliver the service.
“What we find strategically compelling is not the scale represented by any one operating figure,” said Vishal Patel, Chief Executive Officer of GreetEat Corporation. “It is the way ChefKart has organized a recurring real-world need through technology, operating processes and a distributed service network. We believe those characteristics are consistent with the type of technology-enabled platform GreetEat is seeking to develop and expand.”
Ultimately, GreetEat intends to preserve ChefKart’s management-led operating focus in India while evaluating how GreetEat’s strategic resources and broader platform strategy may support ChefKart’s continued development. Any such support would remain subject to continuing evaluation, available resources and the decisions of both companies’ management teams.
While ChefKart’s reported operating activity provides an important starting point for evaluating the opportunity, operating scale alone does not establish financial performance or future economics. GreetEat believes that a disciplined assessment must also consider the quality and durability of customer activity, the cost of delivering and expanding services, capital requirements and ChefKart’s historical financial results. These are all considerations relevant to evaluating readiness for any future uplisting. Future disclosures are expected to provide additional context as information is substantiated, approved and appropriate for public release.
Additional information concerning the LOI and proposed acquisition is available in GreetEat’s previous announcement, “GreetEat Signs Binding LOI to Acquire ChefKart.”
