Curefoods has filed its DRHP with SEBI for an IPO, aiming to raise ₹800 crore

Cloud kitchen brand Curefoods has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO will consist of a fresh issue of equity shares worth ₹800 crore and an offer for sale (OFS) of 4.85 crore shares by existing investors.

Curefoods was founded by former Flipkart executive Ankit Nagori now runs popular food delivery brands like EatFit, CakeZone, YumLane, and Aligarh House Biryani through its cloud kitchen model. As part of the OFS, Iron Pillar will sell 1.9 crore shares, Crimson Winter 97.6 lakh shares, Accel India 45.75 lakh shares, Chiratae Ventures 64.5 lakh shares, and Global eCommerce 35.24 lakh shares.

According to the DRHP, Binny Bansal’s investment firm, 3 State Ventures, is the largest external shareholder with a 17.32% stake, followed by Iron Pillar (13.53%), Chiratae Ventures (8.23%), Accel India (7.17%), and Crimson Winter (4.08%). Ankit Nagori retains a 27.8% stake, making him the largest individual shareholder.

The company plans to use the proceeds from the fresh issue to expand its kitchen network, invest in technology, and support marketing and general corporate purposes as it looks to strengthen its position in the fast-growing foodtech space.



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