CosmicTaco

Curefoods Seeks Rs 800 Crore IPO Funding

CosmicTaco · 2025-07-04T10:22:29.607559+05:30

- Curefoods India Limited has filed for an IPO aiming to raise Rs 800 crore, including a primary offering and an offer for sale of up to 48.54 million shares. - Founded in 2020 by ex-Flipkart exec Ankit Nagori, Curefoods owns brands like Eatfit and Cakezone, valued at nearly Rs 4,000 crore. - Major investors include 3State Ventures, Iron Pillar, Chiratae, and Accel, with Binny Bansal's 3State holding a 17.3% stake. - Planned use of funds includes expansion of cloud kitchens and Krispy Kreme outlets, debt repayment, and investment in Fan Hospitality. - Despite a 27% revenue growth to Rs 746 crore in FY25, Curefoods' losses are driven by increased advertising and employee costs. Source: [The Arc](https://www.thearcweb.com/article/cloud-kitchen-curefoods-ipo-ankit-nagori-dzZvYlUrlXGOYjfg)

Curefoods India Limited has filed for an IPO aiming to raise Rs 800 crore, including a primary offering and an offer for sale of up to 48.54 million shares.
Founded in 2020 by ex-Flipkart exec Ankit Nagori, Curefoods owns brands like Eatfit and Cakezone, valued at nearly Rs 4,000 crore.
Major investors include 3State Ventures, Iron Pillar, Chiratae, and Accel, with Binny Bansal's 3State holding a 17.3% stake.
Planned use of funds includes expansion of cloud kitchens and Krispy Kreme outlets, debt repayment, and investment in Fan Hospitality.
Despite a 27% revenue growth to Rs 746 crore in FY25, Curefoods' losses are driven by increased advertising and employee costs.

Source: The Arc