Cloud kitchen operator Curefoods, founded by Ankit Nagori, has received approval from for its proposed ₹800-crore .
The IPO will comprise a fresh issue of shares worth ₹800 crore and an offer for sale (OFS) of 4.85 lakh equity shares by existing investors. Promoter Ankit Nagori will not be parting with any of his holdings in the issue.
Existing investors including Iron Pillar, Accel Partners, and Chiratae Ventures are expected to participate in the OFS.
Proceeds from the IPO will be deployed towards expanding Curefoods’ cloud kitchen network, strengthening its infrastructure, and investing in marketing and brand-building initiatives, besides debt reduction, according to the company’s filings.
Founded in 2020, Curefoods operates a portfolio of popular brands such as EatFit, Sharief Bhai Biryani, and Nomad. For FY26, the company reported revenues of ₹746 crore and a net loss of ₹170 crore.
As of March 31, 2025, Curefoods had a footprint across 70 cities and towns, managing 502 service locations, including 281 cloud kitchens, 122 restaurants, 99 kiosks, 13 warehouses, and five central kitchens.
The company primarily distributes through online food delivery platforms such as Swiggy and Zomato, along with its own direct-to-consumer (D2C) channels.