Acquisition · Commerce & Consumer Brands

Curefoods acquires Yumlane Pizza and its tech

By Startup Enthusiast · 30 October 2023

What they do

Curefoods runs cloud kitchens and dine-in stores with brands like Eatfit and Olio Pizza

It has acquired Yumlane Pizza and its proprietary pizza technology for an undisclosed amount

The deal follows Curefoods' earlier franchise rights and stake in Yumlane, and a recent Rs 200 crore fundraise

Curefoods has acquired Yumlane Pizza and its proprietary technology stack.
The acquisition amount has not been disclosed.
Yumlane Pizza is a cloud kitchen brand with a B2B distribution network across over 15 cities in India.
Yumlane's B2B clients include Curefoods, Barbeque Nation, Frozen Bottle, and 7-11.
Curefoods had earlier acquired Yumlane's cloud kitchen franchise rights for South India in 2021.
A year later, Curefoods took a 10% stake in Yumlane.
The acquisition allows Curefoods to use Yumlane's pizza technology for its other brands.
It also expands Curefoods' reach and distribution through Yumlane's cloud kitchen network.

Curefoods is consolidating its position in the pizza segment after earlier franchise and stake deals.
The acquisition comes after Curefoods raised Rs 200 crore in debt and equity led by Binny Bansal's fund.
Curefoods had also raised Rs 200 crore in April 2023, with 90% equity per founder Ankit Nagori.
The deal signals Curefoods' push to scale its technology-driven food operations.

Curefoods is a Bengaluru-based house of food brands operating cloud kitchens and dine-in stores.
Its brand portfolio includes Eatfit, Sharief Bhai, Olio Pizza, Arambam, Nomad Pizza, CakeZone, Frozen Bottle, and Krispy Kreme.
Curefoods brands are listed on Swiggy and Zomato; some have dedicated apps and dine-in stores.
The company was founded in 2020 by Ankit Nagori, ex-co-founder of Cure.fit and ex-Chief Business Officer of Flipkart.
Gokul Kandhi is the Chief Business Officer of 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.