Curefoods Eyes ₹800 Cr IPO - Multi-Brand Food Service Giant Set for Market Debut
Curefoods just dropped a bombshell—they're gearing up for an ₹800 crore public offering that's got everyone talking.
The Funding Game
This multi-brand food service player isn't just dipping toes in the public markets—they're diving headfirst with serious capital ambitions. That ₹800 crore figure isn't pocket change, even for established players.
Market Positioning
While traditional IPOs keep bankers busy with paperwork and roadshows, Curefoods is betting big on consumer appetite for diversified food platforms. Because nothing says 'growth story' like asking public markets for cash while private funding dries up.
Another day, another company discovering that public markets are the ultimate reality check for valuation fantasies.
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The company reported a 27 per cent increase in revenue at ₹746 crore last fiscal.
Ankit Nagori, founder of Curefoods, said the company’s infrastructure is built to enter new markets quickly and manage them with precision, as the central kitchens and ordering systems are well-connected and scalable. Curefoods is shaping India’s cloud-kitchen market with an asset-light, multi-brand model, the company stated.
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Each central kitchen supplies multiple brands under one roof—from EatFit and Millet Express in the healthy segment to CakeZone and Frozen Bottle in desserts, to Olio Pizza, Nomad Pizza, Sharief Bhai Biryani, Rolls on Wheels, and Krispy Kreme franchise for India. This diversity ensures kitchens operate across meal slots, avoiding underutilisation, Nagori added.
Cloud kitchens typically require 20–30 per cent lower capital expenditure than quick-service restaurants and operate at 30–40 per cent lower running costs, as they can be placed in low-rent, delivery-optimised locations.
Curefoods’ kitchens are modular, allowing new brands to be added to existing sites without major reconfiguration, reducing time-to-market, the company noted.
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Orders FLOW through a centralized management system with direct API connectivity to food aggregators, enabling real-time syncing and automated processing. Artificial intelligence is used to estimate demand, plan production and fine-tune logistics. Geo-mapping tools identify high-demand zones based on population density and order patterns, while data from delivery partners helps determine cuisines best suited to specific micro-markets. Specialised SaaS platforms manage critical functions.
The company manages to integrate existing brands into its network mostly in four to six weeks.
“Locations can be added, optimized or exited with minimal friction, a flexibility that is becoming increasingly important as the balance between aggregators, brands and real estate continues to shift,” said Nagori.
Published on September 18, 2025
