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Cloud kitchen co Curefoods in talks with Accel, Chiratae to raise $30-M

Economic Times  

Cloud kitchen company Curefoods, which operates ‘EatFit', is in talks to raise USD 30 million in an equity funding round led by Accel and Chiratae. Curefoods is also raising USD 10 million in debt from venture debt funds. The company will use the funds to acquire half a dozen brands. This funding follows the USD 13 million the company had raised from investors led by Iron Pillar in August this year as part of a series A round. Last year, health and fitness startup Curefit had carved out its health food vertical EatFit as an independent entity. Curefoods, which commenced operations in 2020, operates brands EatFit, Yumlane, and Aligarh House Biryani. It has over 25 kitchens across four cities in India. Last month, the company acquired seven direct-to-consumer food brands - MasalaBox, Paratha Box, Cake Zone, Ammi's Biryani, Hyderabad-based pizza brands Olio and Crusto's, and Chaat Street in Bengaluru.