Curefoods, the second-largest internet-driven multi-brand food services provider in India, is set to raise ₹800 crore through a public offering that will feature both fresh equity and an offer for the sale of 4.85 crore shares.
The company operates a robust network comprising 502 service locations across 70 towns and cities, which includes 281 cloud kitchens, 99 kiosks, and 122 restaurants. Central to this network are five large central kitchens capable of producing up to 100,000 meals daily.
Curefoods reported a 27 percent rise in revenue, amounting to ₹746 crore in the last fiscal year. Ankit Nagori, the founder of Curefoods, emphasized that the company’s infrastructure is designed for rapid entry into new markets and efficient management, thanks to its interconnected central kitchens and scalable ordering systems. The firm is positioning itself at the forefront of India’s cloud-kitchen market with a flexible, asset-light multi-brand model.
Each central kitchen serves multiple brands, including health-focused options such as EatFit and Millet Express, along with dessert brands like CakeZone and Frozen Bottle. Other offerings include Olio Pizza, Nomad Pizza, Sharief Bhai Biryani, Rolls on Wheels, and a franchise of Krispy Kreme for India. This brand diversity allows the kitchens to operate consistently across various meal times, minimizing downtime, according to Nagori.
Cloud kitchens generally incur capital expenditures that are 20 to 30 percent lower than traditional quick-service restaurants and are able to maintain running costs that are 30 to 40 percent less, as they are situated in affordable, delivery-optimized areas. The modular design of Curefoods’ kitchens enables the addition of new brands at existing sites without extensive reconfiguration, thus speeding up their market entry, the company noted.
Orders are processed through a centralized management system with direct API connectivity to food aggregators, facilitating real-time synchronization and automation. The application of artificial intelligence aids in estimating demand, planning production, and optimizing logistics. Geo-mapping tools help identify high-demand areas based on population density and ordering trends, while insights from delivery partners inform which cuisines are most suitable for specific micro-markets. Critical operations are managed through specialized SaaS platforms.
New brands can typically be integrated into the Curefoods network within four to six weeks. “Locations can be added, optimized, or exited with minimal friction, a flexibility that is increasingly vital as the dynamics between aggregators, brands, and real estate evolve,” Nagori remarked.
Published on September 18, 2025.
