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Curefoods raises $6.6M in debt from BlackSoil Group

  • Cloud kitchen house of brands Curefoods has raised $6.6 million in debt from BlackSoil, along with participation from Binny Bansal and Caspian Investments.
  • Curefoods offered 800 Series D Debentures to BlackSoil to raise Rs 40 crore, 200 debentures to Caspian for Rs 10 crore, and Rs 6.39 crore from Binny Bansal and Jitendra Kumar Bansal for Compulsorily Convertible Cumulative Preference Shares.
  • Curefoods operates brands like Nomad Pizza, Olio Pizza, and Sharief Bhai biryani, and it acquired South and West operations for Krispy Kreme.
  • Curefoods aims to touch Rs 900 crore in revenue in the current financial year, expecting a 50% growth from FY24.

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