IPO · Commerce & Consumer Brands
Curefoods files IPO for ₹800 crore
By Startup Enthusiast ·
- Date
- Company
- Curefoods
- What it does
- House of food brands
- Kind
- IPO
- Amount
- ₹800 Cr
- Stage
- ipo
- Based in
- Bengaluru
- Founded
- 2020
What they do
Curefoods runs food brands like Eatfit, Sharief Bhai, Olio Pizza and Krispy Kreme
What happened
It filed for an IPO with a fresh issue of ₹800 crore and an offer for sale of 4.85 crore shares
Why it matters
Proceeds will fund new cloud kitchens, restaurant expansion, debt repayment and acquisitions
The details
- Curefoods India Ltd has filed for an initial public offering (IPO).
- The IPO includes a fresh issue of up to ₹800 crore.
- It also includes an offer for sale (OFS) of up to 48,537,599 equity shares.
- Selling shareholders include Iron Pillar PCC, Crimson Winter Limited, Accel India V, and others.
- The company may also consider a pre-IPO placement of up to ₹160 crore.
- IPO proceeds will be used to set up new cloud kitchens, restaurants, and kiosks.
- Funds will also go toward expansion of existing cloud kitchens and purchase of machinery.
- Part of the proceeds will repay borrowings, make lease payments, and fund acquisitions.
The bigger picture
- Curefoods operates a house of brands model using shared cloud kitchen infrastructure.
- Its brands are listed on Swiggy and Zomato, and some have dedicated apps and dine-in stores.
- The company was founded in 2020 by Ankit Nagori, former co-founder of Cure.fit and former CBO of Flipkart.
About the business
- Curefoods is a Bengaluru-headquartered house of food brands founded in 2020.
- It operates brands including Eatfit, Sharief Bhai, Olio Pizza, Arambam, Nomad Pizza, CakeZone, Frozen Bottle, and Krispy Kreme.
- Eatfit is available in 9 cities.
- Sharief Bhai Biryani is available in 11 cities.
- Olio Pizza is available in 26 cities.
- Arambam is available in 12 cities.
- Krispy Kreme is available in 7 cities.
- Nomad Pizza is available in 10 cities.
- CakeZone is available in 12 cities.
- Frozen Bottle is available in 7 cities.
- The company uses a shared cloud kitchen infrastructure and lists its brands on Swiggy and Zomato.
- Some brands have dedicated apps and dine-in stores.
- Its core purpose is to create iconic food brands.
What happens next
- Set up new cloud kitchens, restaurants, and kiosks.
- Expand existing cloud kitchens.
- Purchase machinery.
- Repay borrowings.
- Make lease payments.
- Acquire additional shareholding in Millet Express, Munchbox, and Yum Plum.
- Pay deferred consideration to Jaika Hospitality Ventures.
The deal
- Type
- IPO
Investors
- Iron Pillar PCC (selling shareholder)
- Crimson Winter Limited (selling shareholder)
- Accel India V (Mauritius) (selling shareholder)
- Chiratae Ventures India Fund IV (selling shareholder)
- Global Ecommerce Consolidation Fund (selling shareholder)
- Chiratae Ventures Master Fund IV (selling shareholder)
- Alteria Capital Fund II-Scheme I (selling shareholder)
- Curefit Healthcare Pvt Ltd (selling shareholder)
- Shripad Shrikrishna Nadkarni (selling shareholder)
- Horizon Techno Pte Ltd (selling shareholder)
- Zephyr Peacock India Growth Fund (selling shareholder)
Founders
- Ankit Nagori, Founder
About Curefoods
- 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.
More on Curefoods
- Curefoods reports FY26 revenue of Rs 916 crore18 September 2026 · Results · N/A
- Curefoods appoints Tarishi Mishra as head of brand marketing31 July 2026 · People
- Curefoods puts IPO on hold, eyes pre-IPO round8 June 2026 · IPO · ₹800 Cr
- Curefoods gets SEBI nod for ₹800 crore IPO25 October 2025 · IPO · ₹800 Cr
- Curefoods partners with Papacream for India, UAE expansion15 October 2025 · Partnership
- Curefoods raises ₹160 crore pre-IPO from Binny Bansal's fund26 September 2025 · Funding · ₹160 crore
- Curefoods plans to raise ₹800 crore via IPO to expand kitchens and brands10 September 2025 · IPO · Rs 800 crore
- Curefoods files DRHP for Rs 800 crore IPO to expand Krispy Kreme29 June 2025 · IPO · Rs 800 crore
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