The preliminary public offering (IPO) of Curefoods, the cloud kitchen startup primarily based by Ankit Nagori, has acquired approval for its Rs 800 crore state of affairs from market regulator SEBI, in keeping with a report.
Curefoods, which operates quite a few producers resembling EatFit, Sharief Bhai Biryani, and Nomad, acquired the approval from SEBI with just a few of its consumers like Iron Pillar, Accel Companions, and Chiratae Ventures set to participate throughout the state of affairs, in keeping with a report by Moneycontrol.
The IPO will embrace current issuance of shares value Rs 800 crore and a proposal available on the market of 4.85 equity shares by current shareholders. Nonetheless, founder Ankit Nagori just isn’t going to participate throughout the state of affairs.
The proceeds of IPO is predicted to be used for quite a few actions of Curefoods, which embrace rising the cloud kitchen neighborhood, infrastructure, promoting and advertising and marketing and branding initiatives, and low cost of debt.
Primarily based in 2020, Curefoods reported a revenue of Rs 746 crore for FY26 with a web lack of Rs 170 crore, as per Moneycontrol. A report by Chittorgarh said, as of March 31, 2025, the company has 502 service areas all through 70 cities and cities, with 5 central kitchens, 281 cloud kitchens, 99 kiosks, 122 consuming locations and 13 warehouses. The company primarily sells through on-line meals provide platforms like Swiggy, Zomato, and its private direct-to-consumer (D2C) channels.
Recently, Ankit Nagori spoke regarding the startup’s future plans the place he credited the growth to “dreaming big and executing with self-discipline,” whereas stressing the importance of top quality, purchaser perception, and crew custom in shaping Curefoods’ trajectory.
“Whereas milestones like this are a second to pause and rejoice, they’re moreover a reminder that our journey has solely merely begun,” Nagori wrote on X, thanking workers, companions, consumers, and shoppers for his or her help.
Curefoods, as part of its subsequent progress part, objectives to get into Tier II and III cities. Elements resembling rising disposable incomes, an rising gig workforce, and better adoption of digital funds are anticipated to drive meals provide and organised meals corporations in these markets.
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