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.