PE Fund Investments
Cloud kitchen startup Curefoods raises Rs.300-Cr led by Binny Bansal's Three State Ventures
Curefoods, a Bengaluru-based cloud kitchen startup, has closed a funding round of about INR 300 crore led by Flipkart founder Binny Bansal's Three State Ventures. It includes primary and secondary investments in the firm, which is run by former Flipkart executive Ankit Nagori. Three State invested INR 240 crore in this round, which also saw participation from existing investors IronPillar, Chiratae Ventures, ASK Finance and Winter Capital. Curefoods plans to use the primary proceeds to expand its geographical reach and diversify its brands into offline formats from the current online-only cloud kitchen model.
From the Venture Intelligence PE-VC Deal Database: Between Aug-2021 and Jun-2022, Curefoods had raised over USD 100 M from Winter Capital, Pivot Ventures, NB Ventures, Iron Pillar, RB Investments, Accel India, Nordstar, Rukam Capital, Trifecta Capital, Chiratae Ventures, BlackSoil Capital, Sixteenth Street Capital, Alteria Capital, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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