CUREFOODS INDIA LIMITED FILES DRHP WITH SEBI

Curefoods India Limited, a multi-brand food services company, has submitted its Draft Red Herring Prospectus (DRHP) to SEBI. By March 31, 2025, Curefoods is the second largest digital-first food services company in India based on revenue. The offer consists of a fresh issue of shares worth up to ₹8,000 million and an offer for sale of equity shares totaling 48,537,599 shares from various selling shareholders. 

The company plans to use the net proceeds from its IPO, approximately ₹152.54 crore, mainly for expansion and equipment purchases. This includes funding for new Krispy Kreme cloud kitchens, expanding existing cloud kitchens, and acquiring machinery. Curefoods ranks among the top cloud kitchen companies in India and is noted for being the fastest-growing food services company, having achieved over ₹7,500 million in annual revenue within five years. 

Curefoods operates several key brands, including EatFit, CakeZone, and Krispy Kreme, catering to diverse consumer tastes and meal occasions. By March 31, 2025, it had 502 service locations in over 70 cities and towns, supported by a network of central kitchens, cloud kitchens, kiosks, restaurants, and warehouses situated in high-traffic areas. 

The company’s online presence is bolstered by partnerships with food delivery platforms and its own website, enhancing ordering convenience. Its supply chain comprises 13 warehouses located near operational hubs for effective resource management. Curefoods experienced substantial revenue growth, increasing from ₹3,820.42 million in Fiscal 2023 to ₹7,457.96 million in Fiscal 2025, reflecting a 39.72% compound annual growth rate. Curefoods also began international expansion in 2024 with the launch of Sharief Bhai in the UAE. The Key Brands have contributed significantly to its revenue over the years. JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the Lead Managers for this issue.

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