Partnership · Commerce & Consumer Brands

Curefoods invests in packaged ice provider Dras Ice

By Startup Enthusiast · 28 January 2025

What they do

Curefoods runs 500+ cloud kitchens and stores across 40 Indian cities

It made a strategic investment in Dras Ice, a packaged ice solutions company; amount undisclosed

The deal lets Curefoods use Dras Ice's frozen logistics for cloud kitchen and QSR distribution

Curefoods made a strategic investment in Dras Ice, a packaged ice solutions provider.
The financial details of the investment were not disclosed.
The investment lets Curefoods use Dras Ice's frozen chain logistics for cloud kitchen and QSR distribution.
Dras Ice serves HORECA (hotels, restaurants, cafes), modern trade, and quick commerce platforms.
Curefoods said quick commerce expansion drives demand for high-quality packaged ice.
Gokul Kandhi, Curefoods COO, commented on the collaboration.

Curefoods has been acquiring and investing in food-related businesses, like Krispy Kreme operations and Hogr.
The cloud kitchen sector grew 30-40% from 2019 to 2024, projected 35% CAGR next four years.
Curefoods' revenue rose 53% and losses narrowed 53% in the last fiscal year.

Curefoods is a Bengaluru-headquartered house of food brands, founded in 2020.
It uses a house-of-brands model with shared cloud kitchens, supply chain, and delivery.
Its brands include EatFit, Cakezone, Nomad Pizza, Sharief Bhai Biryani, Frozen Bottle, OLIO, Arambam, Krispy Kreme.
Curefoods operates 500+ cloud kitchens and offline stores across 40 Indian cities.
Its brands are listed on Swiggy and Zomato; some have dedicated apps and dine-in stores.
Curefoods raised $158 million total to date.

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.