Get All Access for $5/mo

Curefoods Raises $62 Million The funds will be utilized to acquire major Cloud kitchen brands across the country

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Curefoods, India's fastest growing Cloud kitchen company, announced an investment of $62 million today. Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel Partners and Binny Bansal participated in the round. While $52 million came in equity funding, $10 million came in debt financing from Alteria Capital, BlackSoil Capital and Trifecta Capital.

Curefoods plans to utilize the investment to acquire major Cloud kitchen brands across the country. Additionally, the company expects to make further inroads by geographically expanding its multi-brand kitchens across the country and building a D2C platform for all its brands.

"The online food delivery industry in India is going through a revolutionary phase; the market has shown huge prospects and attracted heavy investments in recent years. Over the next decade, there will be an opportunity to build multiple food brands across cuisines and geographies. With the fund infusion, we plan on expanding across geographies, and meeting newer customer expectations," said Ankit Nagori, founder of Curefoods.

"Chiratae is pleased to participate in this round backing the Curefoods team. Curefoods is a tech-enabled rapidly growing food business characterized by innovation, agility, scale, technology, consumer service and acquisitions of leading brands. These brands include EatFit, CakeZone, Aligarh House, Junos among others. Ankit's vision to take quality food to a billion Indians in due course excites us," Sudhir Sethi, founder and chairman at Chiratae Ventures.

Curefoods is a leading Cloud kitchens operator in India. It commenced operations in 2020. It operates brands like EatFit, Yumlane, Aligarh House Biryani, Masalabox and CakeZone. It has over 100 kitchens across 12 cities in India.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Aampe Gains USD 18 Mn from Theory Ventures and Z47 to Enhance Digital Product Personalisation

With the new funding, Aampe plans to double its workforce to meet the growing demand for its agentic infrastructure. The company aims to onboard more customers and streamline the integration of its technology into their workflows.

News and Trends

growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.

News and Trends

WhatsApp Launches Bharat Yatra to Empower Small Businesses in India

This initiative builds on WhatsApp's recent innovations tailored for SMBs, including the Meta Verified feature, which enhances credibility, and customized messaging tools for more efficient customer communication.

News and Trends

India's Data Center Capacity to Reach 2,070 MW by End of 2025: CBRE

Cumulative investment commitments in the data center sector in India to cross USD 100 billion by 2027. Mumbai, Chennai, and Delhi-NCR to lead data center supply addition

Business News

I Tried Buying a Car on Amazon. Here Are the Pros and Cons.

Amazon Autos just launched, and users can buy a new car online. Here's how it works and what needs to improve.