Liquidity Events
Footech firm Maverix to merge with Curefoods
Curefoods, the Bangalore-based cloud kitchen company which houses brands like EatFit, CakeZone, and Aligarh House, has merged with another foodtech player Maverix. Following the merger, Curefoods will become the second-largest cloud kitchen player in India in terms of footprint with the largest manufacturing capability in the fresh food space. The merger will also take Curefoods' market presence to 125 kitchens across 12 cities catering to over 10 cuisines. Mumbai-based Maverix operates over 50 outlets across Delhi, Mumbai and Bengaluru. Curefoods will also get brands from Maverix such as the Great Indian Khichdi – one of India's largest khichdi brands, Canteen Central – a multi-cuisine quick snack brand and Home Plate – an affordable home food offering.
From the Venture Intelligence PE-VC Deal Database: Between Mar-17 and Feb-21, Fingerlix (Maverix Platforms) had raised more than INR 180 crore from RB Investments, Accel India and Zephyr Peacock (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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