Milestone · Professional & Local Services

Curefoods targets profitability and revenue growth

By Startup Enthusiast · 11 December 2023

What they do

Curefoods operates a house of food brands using shared cloud kitchen infrastructure

CEO Ankit Nagori aims for EBITDA profitability in the next two quarters

The company plans to reach ₹1,000 crore revenue run rate soon

Curefoods CEO Ankit Nagori targets EBITDA profitability within the next two quarters.
The company currently has a revenue run rate of ₹800 crore.
Management aims to reach a ₹1,000-crore revenue run rate in the coming quarters.
The goal is to achieve ₹2,000 crore revenue over the next three years.
Curefoods plans to open 40 multi-usage cloud kitchens this year.
Expansion includes presence in Mumbai, Delhi, and Tier-2 cities like Indore and Lucknow.
The total number of cloud kitchens will reach 250 by the end of next year.
Offline stores are expected to contribute 25% of revenue by end 2024.

Curefoods uses a house of food brands model with shared infrastructure.
It leverages shared supply chain and delivery operations across brands.
Focus areas include health, biryani, pizza, and dessert categories.
Data-driven decisions optimize menu, pricing, and kitchen placement.
Higher density helps shrink delivery time for customers.
Brands are listed on Swiggy and Zomato platforms.
Some brands operate dedicated apps and dine-in stores.
Founded in 2020 and based in Bengaluru.
Portfolio includes Eatfit, Sharief Bhai Biryani, and Krispy Kreme.

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.