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Acquisition · Commerce & Consumer Brands

Curefoods acquires pan-India rights for Krispy Kreme

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Date
Company
Curefoods
What it does
cloud kitchen and food brand operator
Kind
Acquisition
Based in
Bengaluru
Founded
2020
Sector
Commerce & Consumer Brands

What they do

Curefoods operates cloud kitchens and food brands across India, including Krispy Kreme, EatFit, and Nomad Pizza

What happened

It acquired pan-India rights for Krispy Kreme, expanding into North India with 11 new stores in Delhi NCR

Why it matters

The acquisition follows earlier purchases of South and West India operations, now giving Curefoods control of over 100 Krispy Kreme outlets

The details

  • Curefoods has acquired pan-India rights for Krispy Kreme, the global doughnut and coffee brand.
  • The acquisition includes 11 new stores in Delhi NCR, comprising seven physical retail outlets and four cloud kitchens.
  • Curefoods now operates over 100 Krispy Kreme outlets across India, including both dine-in and cloud kitchen formats.
  • This follows an earlier acquisition of Krispy Kreme's South and West India operations in December 2024.
  • The financial terms of the deal were not disclosed.

The bigger picture

  • The cloud kitchen sector in India is growing rapidly, with a compound annual growth rate (CAGR) of 30–40% between 2019 and 2024.
  • Curefoods aims to expand Krispy Kreme's presence in India, with a focus on Western markets like Mumbai.
  • The company has previously acquired other food brands, including Yumlane and Sbarro.

About the business

  • Curefoods operates a network of cloud kitchens and offline stores, offering a range of food and beverage brands.
  • It has over 500 cloud kitchens and offline stores across India, with brands such as EatFit, Sharief Bhai Biryani, and Nomad Pizza.
  • The company uses a 'house of brands' model, where multiple brands operate from shared kitchen infrastructure.
  • Each brand focuses on a specific occasion or category, such as health, biryani, pizza, and desserts.
  • Curefoods' brands are available on major food delivery platforms like Swiggy and Zomato.

What happens next

  • Curefoods plans to expand Krispy Kreme's presence in Western markets like Mumbai.
  • The company is reportedly planning to raise $300–400 million through an IPO in late FY26.

The deal

Type
acquisition

Founders

  • Ankit Nagori, Founder and CEO

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.

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