The Securities and Exchange Board of India (SEBI) has approved Curefoods’ proposal to raise ₹800 crore through an Initial Public Offering (IPO). The Bengaluru-based cloud kitchen company, known for brands like EatFit, Sharief Bhai, and CakeZone, is now one step closer to entering the stock market.
Curefoods’ IPO will consist of a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹300 crore by existing shareholders. The funds raised from the public issue will reportedly be used to expand its cloud kitchen network, invest in brand marketing, repay debt, and enhance technology infrastructure.
Founded by Ankit Nagori, former co-founder of Flipkart, Curefoods has built a strong presence in the online food business with over 150 kitchens across India. The company operates multiple popular food brands under one umbrella, catering to diverse customer tastes through its digital-first approach.
According to market analysts, Curefoods’ IPO approval comes at a time when India’s food delivery and cloud kitchen market is growing rapidly, backed by rising online food orders and strong investor interest in the sector.
If successful, Curefoods will join the list of notable food-tech companies such as Zomato and Jubilant FoodWorks that have made their mark in India’s stock market.
📊Summary Table
| Particulars | Details |
|---|---|
| Company Name | Curefoods Pvt Ltd |
| Sector | Cloud Kitchen / Foodtech |
| IPO Size | ₹800 crore |
| Fresh Issue | ₹500 crore |
| Offer for Sale (OFS) | ₹300 crore |
| Regulator Approval | SEBI |
| Use of Proceeds | Expansion, debt repayment, marketing, tech upgrade |
| Founder | Ankit Nagori |
| Brands Under Curefoods | EatFit, Sharief Bhai, CakeZone, Frozen Bottle, among others |
| Headquarters | Bengaluru, India |
