Funding · Commerce & Consumer Brands

Curefoods raises $46M in Series C round

What they do

Curefoods runs cloud kitchens and owns 20+ food brands like EatFit and Yumlane

It raised $46M (Rs 343 Cr) in Series C led by Crimson Winter, with Iron Pillar and others

The company has raised $108M in 2022 alone, and its valuation is estimated at $390-395M

Curefoods raised $46M (Rs 343 Cr) in a Series C funding round.
The round was led by Crimson Winter, a Cayman-based investor, which put in Rs 114 Cr.
Other participants included Iron Pillar (Rs 76 Cr), Accel, Chiratte, Three State Capital, Sixteen Street, and individuals.
The round may close at $50M per one report.
Curefoods has raised $108M in 2022 and $121M since August 2021.
The post-money valuation is estimated at $390-395M.
Proceeds will be used for expansion and financial needs.

Curefoods is a cloud-kitchen platform that operates food brands.
Its brands include EatFit, Yumlane, Aligarh House Biryani, Masalabox, CakeZone, and more.
It runs over 100 kitchens across 12 Indian cities.
The company owns 20+ brands and plans to reach 25 by June 2022.
Brands are available on Swiggy and Zomato; some have apps and dine-in stores.
FY21 revenue was Rs 1.96 Cr with a loss of Rs 1.33 Cr.

Product: cloud kitchen firm
Customers: Consumers ordering prepared food through delivery and dining channels.
How it makes money: Sells branded food through its kitchen and delivery network.
What sets it apart: Portfolio across multiple popular food brands and formats.