Cloud kitchen operator Curefoods has completed its Curefoods IPO filing and submitted its draft red herring prospectus (DRHP) to raise Rs 800 crore…
Below is an excerpt from the post that first appeared on The Economic Times on 29 June 2025:
The issue will also include an offer for sale (OFS) of 48.5 million shares, through which investors including Accel, Chiratae Ventures, Nordstar Partners, Iron Pillar, Alteria Capital, and Curefit Healthcare will partially offload their stakes, the Bengaluru-based company said in its filing to markets regulator Sebi.
Curefoods runs over 500 kitchens in 70 cities, with brands like Eat Fit, Nomad Pizza, Sharief Bhai Biryani, CakeZone and Frozen Bottle. It recently acquired pan-India rights for doughnut and coffee brand Krispy Kreme.
According to the Curefoods IPO filing, Rs 152 crore will be allocated to cloud kitchens, kiosks, and central kitchens, restaurants, kiosks and central kitchens. The bulk of this amount will be deployed towards the Krispy Kreme brand. About another Rs 127 crore will be used to repay certain debt, while a part of the remainder will be invested in various subsidiaries to increase its shareholding.
Image source: Upslash, by Andy Hay
