Private Equity

VC Fund Investments

Cloud kitchen startup Curefoods raises in $13-M Series A funding

Business Line  

Bangalore-based cloud kitchen startup Curefoods has raised USD 13 million in Series A led by Iron Pillar along with the participation of Nordstar, Binny Bansal and angel investors such as Adil Allana, Rashmi Kwatra, Lydia Jett, and Kunal Shah. The company aims to add six more brands to its existing tally of four cloud kitchen brands, by the end of 2022. This round brings the total capital raised by Curefoods to USD 20 million. The company is also looking to close an additional USD 10 million in debt funding in the coming weeks. Curefoods currently operates brands like EatFit, Yumlane, Aligarh House Biryani, and Masalabox. Curefoods claims to have over 25 kitchens across four cities in India including Delhi, Mysore, Hyderabad, and Coimbatore. In 2020, Curefoods was spun out from CureFit with CureFit co-founder Ankit Nagori increasing his stake in the food business following an equity swap.