US EditionUpcoming IPO: Curefoods India Files DRHP with Sebi for Public Issue; Details Here
- Curefoods India, a Bengaluru-based multi-brand food services company, has submitted its preliminary documents to SEBI in 2025 to seek approval for an initial public offering valued at Rs 800 crore.
- The IPO follows Curefoods securing pan-India rights to Krispy Kreme in May 2025 and expanding rapidly through digital platforms and a strong delivery network.
- Curefoods plans to use Rs 152.54 crore from the IPO proceeds for expanding cloud kitchens, restaurants, kiosks, and equipment, including Rs 126.32 crore for Krispy Kreme outlets.
- By March 2025, the company had established 502 service outlets and processed over 18 million orders during the fiscal year 2025. It also initiated its IPO process with JM Financial, IIFL Capital, and Nuvama appointed as the lead managers.
- Curefoods will use Rs 126.93 crore to repay debt totaling Rs 239.1 crore as of April 2025, while remaining proceeds support subsidiaries, future acquisitions, and corporate purposes.
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Curefoods India Files DRHP with SEBI for INR 8,000 Mn IPO
The selling shareholders include Iron Pillar PCC, Crimson Winter Limited, Accel India V (Mauritius) Limited, Chiratae Ventures, Global Ecommerce Consolidation Fund, Curefit Healthcare Private Limited, and others.
Upcoming IPO: Curefoods India files DRHP with Sebi for public issue; Details here
The upcoming IPO will consist of a fresh issue of shares worth ₹800 crore and an offer-for-sale (OFS) involving 4.85 crore equity shares by existing stakeholders, as detailed in the draft red herring prospectus (DRHP).
Flipkart Alumnus Files For IPO Of India's Fastest Growing Cloud Kitchen Venture - Data Intelligence
Curefoods, the Ankit Nagori-led cloud kitchen giant, has filed DRHP with the Securities and Exchange Board of India (SEBI) as it looks to go public with an INR 800 crore fresh issue and an Offer for Sale (OFS) of up to 48.5 million equity shares. Curefoods IPO, which marks a major milestone for the five-year-old company, is anchored by some of India’s most prominent venture capital names, including Binny Bansal’s 3State Ventures, Iron Pillar, Ac…
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