Curefoods Raises $50 Mn In Series C Funding Round Ambit acted as the exclusive financial advisor to Curefoods

By Soumya Duggal

Opinions expressed by Entrepreneur contributors are their own.

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


Curefoods, a cloud kitchen company, has raised its Series C round of $50 million from a mix of new and existing investors. Earlier, the firm raised over $80 million in equity and venture debt across Series A and B raises in 2021 and 2022, respectively.

The funds raised from the current round will be used towards the expansion of existing brands into newer geographies and the acquisition of newer brands, said a statement, adding, Ambit acted as the exclusive financial advisor to Curefoods.

"Ambit, a digital and new-age business investment banking practice, continues its deep and razor-sharp focus in the Series B to E space. On the back of a unique one-ambit approach and a truly global investor network, Ambit provides its clients with customized solutions and seamless access to multiple pools of capital. The platform has completed over 10 transactions in the last 12 months, working with stellar founders and top 2/3 companies across segments like fintech, agritech, healthtech, enterprise SaaS, B2C as well as B2B commerce and many more," said the statement.

Curefoods states that it is creating a platform which strives to make honest food that customers love. By incubating food brands and operating state-of-the-art cloud kitchens, it wants to democratize access to good food in a sustainable manner. The company believes in the power of good food to make customers happier and healthier.

"Curefoods' various brands serve foods that suit the palette of its customers daily while keeping in mind their nutrition needs. It currently operates brands like EatFit, Yumlane, Aligarh House Biryani, MasalaBox, Cakezone, Great Indian Khichdi, Ammis Biryani, Canteen Central, and Homeplate, to name a few," said the statement.

The firm was founded by Ankit Nagori, erstwhile chief business officer at Flipkart and co-founder

Related Topics


5 Essential Tips on How to Be a Great Manager

Here are five key tips that will help you become an effective and successful manager.

Business News

JPMorgan CEO Jamie Dimon Says AI 'Is Real' and Will Eliminate the 5-Day Work Week. Here's How His Company's Going All In.

The financial services firm advertised for thousands of AI-related roles earlier this year.

Business Ideas

I've Worked with Oprah Winfrey, Richard Branson and Jeff Skoll. Here are 3 Simple Ways They Supercharge Their Success

I was humbled and lucky to learn from these well-known business leaders, but a mentor doesn't have to be famous to offer good advice. In my experience, successful entrepreneurs are happy to make time for people trying to turn their visions into reality.

Business News

Marketing Company Sues Elon Musk's X Corp for Twitter Rebrand That Caused 'Serious Irreparable Harm' to Its Business

X Social Media claims that X Corp's rebrand has caused consumer confusion and harmed its brand, which has used "X" in its name since 2016.

Business Plans

Want to Know If You Have a Great Business Idea? Ask Yourself These 10 Questions.

Business expert Eric Butow gives you a list of probing questions to help you analyze your idea in the new book "Write Your Own Business Plan."