IPO-bound cloud kitchen major Curefoods is facing multiple criminal and regulatory cases following inspections at its outlets in Delhi and Noida.
The company has been issued notices alleging serious lapses in hygiene, operations, and food safety at some of its outlets as detailed in its draft red herring prospectus (DRHP) filed for its upcoming IPO.
Subsidiary Fan Hospitality Services Pvt Ltd, operating restaurant chain Sharief Bhai, is also under scrutiny with regulatory notices and legal warnings from food safety, labour, and municipal authorities in Tamil Nadu and Karnataka for various violations.
Curefoods' IPO will result in partial exits for early investors and plans to use proceeds for operations expansion, debt payment, and investment in Fan Hospitality.