Curefoods Fires Up IPO Oven—₹800 Cr Fresh Issue to Fuel Cloud Kitchen Expansion

Curefoods India, the multibrand cloud kitchen operator behind CakeZone, EatFit, and Nomad Pizza, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹800 crore via fresh issue, alongside an Offer for Sale (OFS) of 4.85 crore equity shares by existing investors. The IPO marks a major milestone for the Bengalurubased foodtech firm as it eyes aggressive expansion and debt reduction.

Key Highlights:

 

IPO Structure: ₹800 crore fresh issue + OFS by investors including Iron Pillar, Accel, Chiratae Ventures, Curefit Healthcare, and others.

 

PreIPO Placement: Curefoods may raise up to ₹160 crore in a preIPO round, which would reduce the fresh issue size accordingly.

 

Use of Proceeds:

Business Snapshot: Curefoods operates 500+ kitchens across 70+ cities, with FY25 revenue at ₹746 crore (up 27% YoY) and narrowed losses at ₹170 crore.

 

IPO Managers: JM Financial, IIFL Capital Services, and Nuvama Wealth Management are lead bookrunners.

 

With a sizzling brand portfolio and a fresh capital infusion on the horizon, Curefoods is cooking up a bold recipe for public market success.

 

Sources: The Hindu BusinessLine, Economic Times, Moneycontrol