IPO-bound cloud kitchen major Curefoods reported a net loss of INR 169.9 Cr in FY25, almost unchanged from the previous year's INR 172.6 Cr.
Despite a 27.4% increase in operating revenue to INR 745.8 Cr in FY25, the company's loss saw only a marginal decline.
Curefoods, owner of brands like EatFit and CakeZone, plans to raise up to INR 800 Cr through an IPO, including an Offer for Sale (OFS) of up to 4.85 Cr equity shares.
Founded in 2020, Curefoods operates multiple brands under a cloud kitchen model, focusing on sales of food items and revenue from service income. The company follows a 'house of brands' strategy with a diversified portfolio.