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- Sun, 14 December 2025
Curefoods, the cloud kitchen giant, has filed DRHP with the Securities and Exchange Board of India (SEBI) as it looks to go public with an INR 800 crore fresh issue and an Offer for Sale (OFS) of up to 48.5 million equity shares.
It aims to expand its footprint by setting up new cloud kitchens, restaurants, kiosks, and Krispy Kreme Theatres.
A portion of the capital, around ₹126.90 crore, will be used to repay existing borrowings.
The company also aims to cover lease payments for its current outlets, invest in its subsidiaries such as Fan Hospitality and CakeZone Food Tech, and allocate funds towards marketing efforts, purchasing machinery, and exploring potential acquisitions.
Founded in 2016 by Ankit Nagori, Curefoods has one grand mission: to build India’s leading multi-brand cloud kitchen chain.
Curefoods has raised a total funding of $175M over 16 rounds. Its first funding round was on Aug 25, 2021.
A famous actor, Hrithik Roshan, has also invested in the company as an angel.
Curefoods aims to provide a platform to businesses that want to scale by providing them with cloud kitchens and space for expansion.
It is a food tech giant that aims to build brands that are digital-first food brands; which rely on technology and online channels to provide customer services and satisfaction.
Curefoods has more than 20 brands under it, such as Olio Pizza, Krispy Kreme, and CakeZone. They have over 281 cloud kitchens, 99 kiosks and 122 restaurants.
Curefoods, the company behind brands like EatFit, is facing some serious problems. It is dealing with several criminal and regulatory cases in Delhi and Noida. On top of that, its subsidiary, Fan Hospitality Services (FHS), has received legal notices in Tamil Nadu and Karnataka for breaking laws, including using child labour.
These issues could make it harder for Curefoods to go through with its IPO. Whether the company succeeds will depend on how it handles these problems: by solving the legal cases quickly, being honest in its IPO documents, and showing investors that it’s taking steps to fix things.
[Credits for header image: infomance
This content is for informational purposes only and does not constitute legal, financial, or investment advice. This has been constituted based on third-party sources. We do not assume any liability for actions taken based on this information.]
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