Curefoods Raises $50M to Expand, and Fund New Acquisitions

Curefoods, the cloud kitchen firm has secured $50 million funding to expand into new geographies and fund new acquisitions.

Founded in 2020 by former Flipkart executive and Cultfit founder Ankit Nagori, Curefoods, with a Thrasio-like model, acquires cloud kitchen brands across different cities and helps them scale their business.

The startup operates brands like Great Indian Khichdi, Canteen Central, CakeZone, MasalaBox, Paratha Box, and Home Plate.

Curefoods owns 125 Cloud Kitchens

Earlier this year, Curefoods merged with rival Maverix and now has 125 cloud kitchens across 12 cities, including Delhi, Mumbai, and Bengaluru.

The startup continues its ambitious path to build the strongest food brands in the market with a digital-first strategy.

The series c funding was led by Winter Capital, Three State Capital, Chiratae Ventures, and Accel. It’s existing investors include Iron Pillar, Nordstar, Binny Bansal, Adil Allana, Rashmi Kwatra, Lydia Jett, and Kunal Shah.

The startup had previously raised over $120 million in equity and venture debt across Series A and B raises in 2021 and 2022, respectively according to a Indian financial daily report.

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