<ul data-eligibleForWebStory="true"><li>Cloud kitchen startup Curefoods has filed its draft red herring prospectus (DRHP) for an IPO to raise funds.</li><li>The IPO will consist of a fresh issue of shares worth up to INR 800 Cr and an offer for sale of up to 4.85 Cr equity shares by existing shareholders.</li><li>Proceeds from the IPO will be used for expansion, setting up new cloud kitchens, paying off debt, sales and marketing, and investing in subsidiaries.</li><li>Curefoods will list its shares on the NSE and BSE; it has trimmed its net loss and seen a rise in operating revenue.</li></ul>

Curefoods Files Draft Papers For INR 800 Cr IPO

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