Title: IPO-bound Curefoods faces criminal cases, child labour allegations
Curefoods, a cloud kitchen company that is set to go public, is facing multiple criminal and regulatory cases following inspections at its outlets in Delhi and Noida. The company, which is known for its popular food brands such as EatFit, has also received multiple regulatory notices and legal warnings from food safety, labour, and municipal authorities in Tamil Nadu and Karnataka over violating child labour laws and other regulations.
According to reports, the criminal cases against Curefoods include allegations of forgery, cheating, and breach of trust. The company has been accused of falsifying documents and manipulating records to deceive investors and regulatory authorities.
The regulatory notices and legal warnings received by Curefoods’ subsidiary, Fan Hospitality Services, are related to violations of child labour laws and other regulations. The company has been accused of employing children in its kitchens and violating labour laws.
Curefoods has denied all allegations of wrongdoing and has stated that it is fully compliant with all regulations and laws. The company has also announced that it will cooperate fully with the authorities and will take all necessary steps to address any violations.
While Curefoods’ IPO has been put on hold following the allegations, the company’s stock has still been trading on the Indian stock exchanges. The company’s stock price has been under pressure following the allegations, with the company’s market capitalization falling by over 20% in the past week.
Curefoods’ IPO was initially planned for June 2025, but the company has now delayed its IPO until further notice. The company has stated that it will re-file its IPO documents once it has addressed all the allegations and regulatory issues.
The allegations against Curefoods are a major setback for the company, which was looking to raise funds through its IPO to expand its operations and increase its market share. The company had planned to use the funds raised through its IPO to expand its food delivery business and to increase its presence in the online food ordering market.
Curefoods’ IPO was expected to be one of the biggest IPOs in India in 2025, with the company looking to raise over $100 million. The company’s IPO was oversubscribed by over 100 times, with investors showing a lot of interest in the company’s story and its potential for growth.
However, the allegations against Curefoods have now put a cloud over the company’s IPO plans. The company’s stock price has fallen sharply, with the company’s market capitalization falling by over 20% in the past week.
Curefoods’ IPO delay is a major blow to the company’s plans for growth and expansion. The company had planned to use the funds raised through its IPO to expand its operations and increase its market share. The company’s delay in filing its IPO documents is expected to impact its plans for growth and expansion.
The allegations against Curefoods are also a major setback for the company’s employees, who were expecting a significant boost in their salaries and benefits following the company’s IPO. The company’s employees were expecting a significant increase in their salaries and benefits following the company’s IPO, but the allegations against the company have now put a cloud over their expectations.
In conclusion, Curefoods’ IPO-bound plans have been put on hold following allegations of criminal cases, child labour, and regulatory violations. The company has denied all allegations of wrongdoing and has stated that it will cooperate fully with the authorities. The company’s stock price has fallen sharply, and the company’s plans for growth and expansion have been put on hold. The allegations against Curefoods are a major setback for the company and its employees, and it remains to be seen how the company will recover from these allegations.
