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Cloud kitchen operator Curefoods files DRHP with SEBI to raise Rs 800 crore via IPO

  • Curefoods, a cloud kitchen operator, has filed its DRHP with SEBI to raise Rs 800 crore through an IPO where existing investors will partially exit.
  • The IPO includes a fresh issue of Rs 800 crore and an offer for sale of 4.85 crore equity shares by investors like Iron Pillar, Accel India, Chiratae Ventures, and others.
  • Curefoods plans to utilize the funds for expansion, debt repayment, and increasing equity stakes in subsidiaries. The company operates under multiple brands across 70 Indian cities.
  • In fiscal 2025, Curefoods recorded operating revenue of Rs 745.7 crore with narrowing net losses. It stands as India's second-largest cloud kitchen operator by revenue, trailing Rebel Foods.

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