Curefoods, a Bengaluru-based foodtech startup founded by Ankit Nagori in 2020, is reshaping the way India orders food online. Unlike traditional restaurants, Curefoods operates cloud kitchens—centralized kitchens that focus solely on preparing food for online delivery. This model allows the company to reach more customers quickly without the limitations of dine-in spaces. By combining technology, efficiency, and a wide variety of brands, Curefoods has positioned itself as a leader in India’s booming food delivery market.
Ambitious IPO Plans
Curefoods is now preparing for an Initial Public Offering (IPO) to raise ₹800 crore. The capital raised will support expansion across multiple cities and improve infrastructure. A large portion of this investment will go into setting up 66 new cloud kitchens for its existing brand portfolio. Leading brands like Olio’s Pizza and Krispy Kreme will receive special attention, ensuring their reach and operations grow. Beyond cloud kitchens, the company also plans to open new restaurants, kiosks, and warehouses across India, strengthening its supply chain and delivery network. The IPO is not just about raising funds but also about establishing Curefoods as a significant player in the foodtech ecosystem.
Expanding Brand Portfolio
Curefoods has built a diverse and popular portfolio of food brands. EatFit, CakeZone, Frozen Bottle, Nomad Pizza, Sharief Bhai Biryani, Rolls on Wheels, and Krispy Kreme are all part of its network. The company follows a strategic approach of growth through acquisitions, identifying gaps in the market and acquiring brands that complement its offerings. This method allows Curefoods to rapidly scale operations while maintaining quality and customer satisfaction. By bringing together multiple brands under one roof, Curefoods ensures that customers have a wide variety of choices for every meal and craving, making the online food experience more convenient and enjoyable.
Strong Financial Backing
Curefoods has attracted strong financial support from investors. In a pre-IPO funding round, it raised ₹160 crore from 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal, valuing the startup at approximately ₹4,000 crore. In total, Curefoods has raised around $200 million so far. This backing not only provides financial stability but also gives the company the ability to innovate and expand rapidly. With strong investors supporting its vision, Curefoods can focus on scaling operations, improving technology, and enhancing customer experience across India.
Future Outlook
Looking ahead, Curefoods aims to establish 1,500 new kitchens and outlets by 2029. The company plans to achieve this through a combination of organic growth, strategic acquisitions, and infrastructure investments. With a strong brand portfolio and ambitious expansion plans, Curefoods is well-positioned to dominate the cloud kitchen segment in India. The upcoming IPO marks a crucial milestone in its journey and highlights the growing significance of cloud kitchens in India’s foodtech landscape. By leveraging technology, acquisitions, and strategic planning, Curefoods is not only preparing meals but also cooking a recipe for long-term success in the online food delivery industry.