Curefoods

Curefoods

Cloud-kitchen platform offering on-demand food

Founded

2020

Headquarters

Bengaluru (India)

Status

Series D

Company Details

Website

Socials

Email

Phone

+91-7059010203

Curefoods is a leading Indian foodtech company specializing in building and operating a multi-brand cloud kitchen and food services platform. Founded in 2020 by Ankit Nagori, former co-founder of Cultfit, Curefoods is headquartered in Bengaluru, Karnataka, and has rapidly grown to become one of the largest players in India’s cloud kitchen and food delivery sector. The company’s operations span over 340 cloud kitchens in 35 cities and 60 offline outlets across 10 cities, with a portfolio of popular brands such as EatFit, CakeZone, Nomad Pizza, Sharief Bhai, Olio Pizza, Frozen Bottle, and Aligarh House Biryani.

Products and Services

Curefoods operates a diverse portfolio of over 20 food brands through cloud kitchens and offline outlets across India. Its key offerings include:

  • EatFit: Health-conscious meals focused on nutrition and wellness.

  • CakeZone: Online confectionery specializing in cakes and desserts.

  • Sharief Bhai: Popular biryani and Mughlai cuisine brand.

  • Nomad Pizza & Olio Pizza: Gourmet and widely distributed pizza brands.

  • MasalaBox & Paratha Box: Subscription-based home-cooked meals and Indian breakfast specialties.

  • Chaat Street & Ammi’s Biryani: Regional street food and biryani favorites.

  • Frozen Bottle: Beverages and desserts brand.

Curefoods offers food delivery through cloud kitchens, dine-in restaurants, and takeaway kiosks, leveraging technology and operational excellence to scale multiple cuisines and dining experiences under one umbrella.

Business Model & Revenue Streams

  • Direct Sales: The primary revenue comes from the sale of food and beverages through its owned brands via online platforms (Swiggy, Zomato, EatFit app) and offline outlets.

  • Franchise & Royalty Income: Additional revenue from franchise agreements and royalty fees, especially as it expands offline presence.

  • Brand Acquisitions & Incubation: By acquiring and scaling emerging food brands, Curefoods increases its market share and diversifies its offerings, capturing value across multiple consumer segments.

  • Interest & Miscellaneous Income: Includes interest earnings and other non-operating income streams.

Customer Segmentation

  • B2C: Direct-to-consumer sales through online food delivery platforms and offline outlets.

  • B2B: Partnerships with corporates, events, and institutions for bulk orders and catering services.

Growth Strategy

  • Market Expansion: Plans to scale to 1,000 locations (600 cloud kitchens, 350 QSRs/casual dining) across 50 cities in the next three years.

  • Brand Diversification: Continues to acquire and launch brands across different cuisines and price points to serve a broader customer base.

  • Technology Investment: Focus on innovation in kitchen automation, order management, and customer analytics to drive efficiency and quality.

  • Strategic Partnerships: Collaborations with established brands (e.g., Krispy Kreme) and food suppliers to enhance offerings and reach.

  • Profitability Focus: Targeting EBITDA profitability and a revenue run rate of ₹2,000 crore by FY27.

Conclusion

Curefoods is redefining India’s food services landscape with a scalable, technology-driven, multi-brand cloud kitchen and QSR model. By blending operational excellence, brand diversity, and digital innovation, Curefoods is well-positioned for sustained growth, profitability, and leadership in the rapidly evolving foodtech industry.

Key People

Ankit Nagori

Amit Dokania

Richa Batra

Key Metrics

Total Equity Funding

$175 million

No. of Funding Rounds

13

Latest Funding Round

$16.5Million, Series D

as of November 12, 2024

Post Money Valuation

$451 million

as of N/A

Funding Multiple

2.73

as of N/A

Investors

Three State Capital

and 5 more

Employee Count

632

Similar Companies

Ghost Kitchens

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
November 12, 2024 Series D$16.5Million$451.0Million--Iron Pillar, Chiratae Ventures, Shinhan Venture Investment, Shinhan Financial Group Landmark Group
January 9, 2024 Series D$25.0Million$72.5Million--RB Investments, Three State Capital , Curefoods India Welfare Trust
October 12, 2023Series C$589.0K$97.0Million$66.1Million1.5x Brand Capital
March 30, 2023Series C$14.6Million$306.0Million$51.3Million-Three State Capital, Chiratae Ventures, FPGA Family Foundation
February 10, 2023Series C$7.5Million$83.4Million$48.1Million- Curefoods India Welfare Trust
June 1, 2022 Series C$44.2Million$246.0Million$22.3Million- Rockstone Ventures, Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel, Three State Capital, Alteria Capital, Rukam Capital, Singularity Ventures, Potential Ventures, RB Investments, NB Ventures, Pivot Ventures , LetsVenture, Nava Limited
November 30, 2021Series B$53.3Million$101.0Million$8.5Million- Accel, Chiratae Ventures, Sixteenth Street Capital, Iron Pillar, Three State Capital Advisors, Rukam Capital, Brand Capital, Alteria Capital, Trifecta Capital, Ananth Sankaranarayanan Family Trust , Universal Trustee, Co Apex Fund and Corporate Mauritius, LetsVenture, BlackSoil
August 25, 2021Series A$13.0Million$101.0Million$5.4Million16.3x Iron Pillar, Rukam Capital, Trifecta Capital, QED Innovation Labs , Nordstar, Global eCommerce Consolidation Fund, Allana, Napatree Capital, The Ski Bum

Recent News