Cloud kitchens operator Curefoods India is filing for an IPO to raise funds

From Yahoo Finance: 2025-06-30 06:14:00

Cloud kitchens operator Curefoods India has filed for an IPO to raise funds. The IPO will include a fresh issuance of shares worth Rs8bn and an offer-for-sale of 48.5 million equity shares by existing shareholders. The company plans to raise $19m in a pre-IPO round for expansion and equipment.

The offer-for-sale includes shares from various existing shareholders like Accel India V and Chiratae Ventures India Fund IV. Curefoods operates brands like CakeZone and Nomad Pizza. The IPO proceeds will be used for expansion, equipment, debt repayment, lease payments, sales, marketing efforts, and investments in subsidiaries.

JM Financial, IIFL Capital Services, and Nuvama Wealth Management are the book-running lead managers for the IPO. Curefoods India is an online multi-brand food services company offering diverse cuisines through delivery and non-delivery channels, including cloud kitchens, kiosks, and restaurants.

Read more: Cloud kitchens operator Curefoods India files papers for IPO