Curefoods IPO: Startup with Eatfit, Cakezone goes to launch public subject, advisors will finalize quickly – INA NEWS
Curefoods IPO: IPOs are coming one after the opposite within the nation. Now new identify on this record is meals and drinks startup curefoods is about to hitch. It has been began by former senior government of Flipkart Ankit Nagori. The startup has begun discussions to rent funding banks and legislation corporations for its IPO. The startup lately met with a bunch of bankers and legal professionals for the IPO, folks with data of the matter instructed Moneycontrol. Consultants could also be finalized within the subsequent few weeks.
Veteran enterprise capital agency Accel is invested in CureFoods. Aside from this, there are additionally investments from Iron Pillar, Chiratae Ventures, Sixteenth Road Capital, Three State Ventures and Nordstar amongst many others. The startup is making ready to lift as much as $300-400 million by IPO. This subject might come within the subsequent 6 months of the monetary yr 2025-26. The dimensions of the IPO has not been finalized but.
Greater than 500 cloud kitchens and offline shops
CureFoods’ present portfolio consists of Eatfit, Cakezone, Nomad Pizza and Sharif Bhai Biryani. Now it’s increasing the enterprise by including frozen bottles and different manufacturers. CureFoods has greater than 500 cloud kitchens and offline shops serving greater than 10 varieties of cuisines throughout 40 cities in India. On December 31, the startup introduced an settlement with Landmark Group to purchase the operations of in style donut model Krispy Kreme in South and West India.
Draft for Pine Labs’ IPO could also be filed by mid-February, would be the largest public subject in fintech after Paytm.
How financially sturdy is CureFoods?
Filings submitted to the Registrar of Firms present that the startup’s consolidated income rose to Rs 585 crore in FY2024. That is 53 p.c greater than the income achieved within the earlier monetary yr. CureFoods’ consolidated loss narrowed to Rs 172.6 crore in FY2024 from Rs 342.7 crore in FY2023.
Curefoods IPO: Startup with Eatfit, Cakezone goes to launch public subject, advisors will finalize quickly
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