Cloud kitchen operator Curefoods has filed its draft red herring prospectus to raise Rs 800 crore via fresh issue, alongside an offer for sale (OFS) of 48.5 million shares from investors including Accel, Chiratae Ventures, and Iron Pillar.
Founded in 2020 by former Flipkart executive Ankit Nagori, Curefoods houses a variety of brands like EatFit, Cakezone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle, among others. The Bengaluru-based company runs over 500 kitchens in 40 cities, with brands like CakeZone, Frozen Bottle, and Nomad Pizza.
Curefoods reported Rs 585 crore revenue and Rs 173 crore net loss in FY24, and is targeting Ebitda breakeven in FY25.
JM Financial, IIFL, and Nuvama are advising on the IPO.
Founded in 2020 by former Flipkart executive Ankit Nagori, Curefoods houses a variety of brands like EatFit, Cakezone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle, among others. The Bengaluru-based company runs over 500 kitchens in 40 cities, with brands like CakeZone, Frozen Bottle, and Nomad Pizza.
Curefoods reported Rs 585 crore revenue and Rs 173 crore net loss in FY24, and is targeting Ebitda breakeven in FY25.
JM Financial, IIFL, and Nuvama are advising on the IPO.
