{"id":4541,"date":"2025-06-30T16:49:07","date_gmt":"2025-06-30T11:19:07","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=4541"},"modified":"2025-06-30T16:49:07","modified_gmt":"2025-06-30T11:19:07","slug":"curefoods-india-files-for-ipo-to-fuel-growth-and-expansion","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/curefoods-india-files-for-ipo-to-fuel-growth-and-expansion\/","title":{"rendered":"Curefoods India Files for IPO to Fuel Growth and Expansion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" id=\"0\">Multi-brand food services company <strong>Curefoods India<\/strong> has officially filed its draft papers with the Securities and Exchange Board of India (SEBI), gearing up to raise capital through an initial public offering (IPO).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the draft red herring prospectus (DRHP), the IPO will feature a <strong>fresh issue of shares worth \u20b9800 crore<\/strong>, along with an <strong>offer-for-sale (OFS) of 4.85 crore equity shares<\/strong> by existing investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prominent shareholders participating in the OFS include <strong>Curefit Healthcare<\/strong>, <strong>Iron Pillar PCC<\/strong>, <strong>Crimson Winter<\/strong>, <strong>Accel India V<\/strong>, <strong>Chiratae Ventures India Fund IV<\/strong>, <strong>Global eCommerce Consolidation Fund<\/strong>, and <strong>Alteria Capital Fund<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Headquartered in Bengaluru, Curefoods India operates popular brands such as <strong>CakeZone<\/strong> and <strong>Nomad Pizza<\/strong>. The company is also planning to raise up to <strong>\u20b9160 crore in a pre-IPO round<\/strong> to bolster its finances ahead of the listing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How Curefoods Plans to Use IPO Funds<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A significant portion of the IPO proceeds has been earmarked to drive expansion and reduce liabilities:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u20b9152.54 crore<\/strong> will be invested in growth and equipment:\n<ul class=\"wp-block-list\">\n<li><strong>\u20b9126.32 crore<\/strong> to set up new Krispy Kreme cloud kitchens, restaurants, kiosks, and central kitchens<\/li>\n\n\n\n<li><strong>\u20b919.91 crore<\/strong> to expand select existing cloud kitchens with additional brands<\/li>\n\n\n\n<li><strong>\u20b96.31 crore<\/strong> to purchase machinery and equipment<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u20b9126.93 crore<\/strong> will be used to repay debt<\/li>\n\n\n\n<li><strong>\u20b940 crore<\/strong> will cover lease obligations in India<\/li>\n\n\n\n<li><strong>\u20b914 crore<\/strong> will go toward sales and marketing initiatives<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The company also plans to strengthen its subsidiary businesses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u20b991.96 crore<\/strong> investment in <strong>Fan Hospitality Services<\/strong><\/li>\n\n\n\n<li><strong>\u20b911.35 crore<\/strong> for <strong>Cakezone Foodtechs<\/strong><\/li>\n\n\n\n<li><strong>\u20b981.15 crore<\/strong> to increase stakes in <strong>Millet Express Foods<\/strong>, <strong>Munchbox Frozen Foods<\/strong>, and <strong>Yum Plum<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Additional funds are earmarked for future acquisitions, strategic initiatives, and general corporate purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Curefoods India<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Curefoods is a <strong>tech-enabled, multi-brand food services platform<\/strong> offering a wide range of cuisines through cloud kitchens, dine-in restaurants, and kiosks. The company leverages technology to optimize operations and reach consumers across formats and geographies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>IPO Advisors<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">JM Financial, IIFL Capital Services, and Nuvama Wealth Management are the <strong>book-running lead managers<\/strong> for this public issue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"0\">Stay tuned as Curefoods India moves closer to its market debut, aiming to accelerate its growth story in India\u2019s fast-evolving food services sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"0\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color wp-block-paragraph\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color wp-block-paragraph\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color wp-block-paragraph\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multi-brand food services company Curefoods India has officially filed its draft papers with the Securities and Exchange Board of India (SEBI), gearing up to raise capital through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO will feature a fresh issue of shares worth \u20b9800 crore, along with an offer-for-sale (OFS) of 4.85 crore equity shares by existing investors. Prominent shareholders participating in the OFS include Curefit Healthcare, Iron &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/curefoods-india-files-for-ipo-to-fuel-growth-and-expansion\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Curefoods India Files for IPO to Fuel Growth and Expansion&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4541"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4541\/revisions"}],"predecessor-version":[{"id":4543,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4541\/revisions\/4543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4542"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}