Curefoods raises $18M to fuel expansion of their cloud kitchen network

Curefoods has raised Rs 160 crore ($18M) in pre-IPO funding from 3State Ventures, Binny Bansal’s firm, by issuing 1.28 crore shares at Rs 124 each. The company targets Rs 800 crore via IPO, combining a fresh issue and OFS. Funds will support expansion, debt repayment, and Fan Hospitality investments. With brands like EatFit and CakeZone, Curefoods posted FY25 revenue of Rs 745.8 crore.