The Cloud kitchen, Curefoods has raised and closed the funding round of $50 million which is led by Winter Capital, Three-State Capital, Chiratae Ventures, and Accel, along with some existing investors like Iron Pillar, Nordstar, Binny Bansal, Adil Allana, Rashmi Kwatra, and Lydia Jett. 

Previously, Curefoods had raised over $120 million in equity in 2021 and venture debt in 2022 across Series A and B respectively.

The company is planning to utilize the fresh capital funding to make an expansion into new geographies and fund new acquisitions.

Curefoods was founded by former Flipkart executive and Cultfit founder Ankit Nagori in the year 2020. Curefoods follows a Thrasio-like model, that has the capability to acquire cloud kitchen brands across different cities and helps them scale their business to the very next level.

The startup handles the operations of various brands like Great Indian Khichdi, Canteen Central, CakeZone, MasalaBox, Paratha Box, and Home Plate.

Curefoods merged with rival Maverix and now has 125 cloud kitchens across 12 cities, in states like Delhi, Mumbai, and Bengaluru.

EXECUTIVE OPINION:

Ankit said –“the startup was on an ambitious path to build the strongest food brands in the market with a digital-first strategy.”