Curefoods, a cloud kitchen startup, has raised USD 50 million in a Series C funding round from new and existing investors – as per the investment advisory Ambit, which acted as the exclusive financial advisor.

According to media reports, the company plans to use the fresh funds to expand its existing brands into newer geographies and for the acquisition of newer brands.

Read: May 2022 Issue of Food InfoTech Magazine.

While Ambit did not disclose the investors’ names, Curefoods’ regulatory filings note Iron Pillar, Accel, Chiratae Ventures, and Three State capital as the investors in this round, among others.

The Cloud Kitchen startup has acquired five D2C food brands in January and said at that time that it was looking to acquire 35 brands by the end of 2022.

It currently operates brands like EatFit, Yumlane, Aligarh House Biryani, MasalaBox, Cakezone, Great Indian Khichdi, Ammis Biryani, Canteen Central, and Homeplate among others. Prior to this, Curefoods has raised over USD 80 million in equity and venture debt across Series A and B raises in 2021 and 2022, respectively.

The Cloud kitchen startup was founded by Ankit Nagori, former Chief Business Officer of Flipkart, and co-founder of Curefoods launched its operations in 2020 and now has over 150 kitchens catering over ten cuisines, across 15 cities in India.

Earlier this year, Curefoods merged with the Mumbai-based foodtech company Maverix. Following the merger, Curefoods added about 50 more outlets across Delhi, Mumbai, and Bengaluru increasing its market presence. Following this, in February, the cloud kitchen company acquired the South India franchise rights for the US-based legacy pizza chain – Sbarro. At that time, the company had announced plans to open around 50 Sbarro outlets in the next 3 years starting with Karnataka.

Also Read: Yogabar Acquires Health Food Brand SuperHealthy.

In April, Curefoods raised funding from Bollywood actor Varun Dhawan and inked a long-term association by making him the brand ambassador for EatFit – the largest brand under Curefoods. It operates on a house of brands approach and currently has 20 brands in its portfolio. The company competes with the likes of Rebel Foods and Box8.


“Besides the ever-growing mound of unpublished travel stories and product reviews accumulating in various folders on my desktop, I've written quite a lot of copy and content for various niches, with specialization in both B2B and B2C segment.”

Write A Comment

15 + fifteen =