Curefoods files DRHP to raise Rs 800 Cr in fresh issue, founder Ankit Nagori to skip OFS

| Posted on |

Here’s a summary of the relevant information extracted from the provided content:

Funds and Investors:

  1. Iron Pillar
    • Offloading: 1.9 crore shares
  2. Crimson Winter
    • Offloading: 97.6 lakh shares
  3. Accel India
    • Offloading: 45.75 lakh shares
  4. Chiratae Ventures
    • Offloading: 64.5 lakh shares
  5. Global eCommerce
    • Offloading: 35.24 lakh shares
  6. 3 State Ventures (Binny Bansal)
    • Stake: 17.32%

Startup:

  • Curefoods

Founders:

  • Ankit Nagori (Co-founder and CEO)
    • Stake: 27.8%

Fundraise Series:

  • Total raised: $125 million across funding rounds.

IPO Details:

  • Fresh Issue: ₹800 crore
  • OFS (Offer for Sale): 4.85 crore shares
  • Lead Managers: JM Financial, IIFL Capital, Nuvama, KFintech

Date:

  • Date of DRHP filing: Not specified in the text, but the financial year references are for FY25 and FY24.

Company Overview:

  • Business: Cloud kitchen brand with multiple brands such as Eatfit, Krispy Kreme, and more.
  • Listing Target: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Additional Financials:

  • Revenue growth: 27% YoY to ₹745.7 crore in FY25 from ₹585.1 crore in FY24.
  • Losses: ₹170 crore in FY24.

This summarizes the details regarding Curefoods, its investors, recent funding activities, and the planned IPO.

Source link

2025-06-29 15:48:40