Curefoods Files for IPO, Eyes ₹800 Crore Fresh Issue
In a significant development in the Indian startup ecosystem, Curefoods, a cloud kitchen startup backed by prominent investors such as Accel and Binny Bansal, has filed for an initial public offering (IPO) to raise ₹800 crore through a fresh issue. In addition to this, the company plans to offer shares worth ₹4.85 crore through an offer-for-sale (OFS) route. This ambitious move marks a significant milestone for Curefoods, which has been making waves in the food technology space with its innovative cloud kitchen model.
What’s the Plan?
The Bengaluru-based cloud kitchen brand intends to use the proceeds from the IPO to fuel its expansion plans, repay debt, and boost its marketing efforts. The company has been rapidly expanding its reach across the country, with a presence in over 70 cities and 281 cloud kitchens. In the fiscal year 2025, Curefoods reported a revenue of ₹745.8 crore, indicating its impressive growth trajectory.
Why an IPO?
The decision to go public is a strategic move by Curefoods to raise capital and further accelerate its growth plans. The company’s cloud kitchen model has been gaining traction, and the IPO will provide it with the necessary funds to expand its operations, invest in technology, and enhance its marketing efforts. The fresh issue of ₹800 crore will help Curefoods to achieve its ambitious plans, while the OFS route will enable existing investors to exit or partially exit their investments.
Key Highlights
Here are some key highlights from Curefoods’ IPO filing:
- Issue size: The company plans to raise ₹800 crore through a fresh issue, alongside an OFS of ₹4.85 crore shares.
- Purposes: The proceeds will be used to expand kitchens, repay debt, and boost marketing efforts.
- Revenue: Curefoods reported a revenue of ₹745.8 crore in FY25, indicating its impressive growth trajectory.
- Presence: The company operates 281 cloud kitchens across 70+ cities, making it one of the largest cloud kitchen chains in the country.
What’s Next?
The next step for Curefoods will be to finalize the IPO pricing and schedule, which will be announced in due course. The company will also need to complete the necessary regulatory filings and comply with the requirements of the Securities and Exchange Board of India (SEBI).
What Does This Mean for the Indian Startup Ecosystem?
Curefoods’ decision to go public is a significant development for the Indian startup ecosystem, highlighting the growth potential of cloud kitchen startups. This trend is expected to continue, with more food technology startups likely to follow suit. The IPO will also provide a platform for Curefoods to list its shares on a stock exchange, providing liquidity to its investors and creating a new valuation benchmark for the industry.
Conclusion
Curefoods’ IPO filing is a significant milestone for the company, marking a new chapter in its growth journey. The company’s innovative cloud kitchen model has been gaining traction, and the IPO will provide it with the necessary funds to accelerate its expansion plans. As the Indian startup ecosystem continues to evolve, Curefoods’ IPO is an important development that will shape the future of the food technology space.
Source: https://startuptalky.com/news/curefoods-serves-up-ipo-plans/
