Cloud kitchen stage Curefoods on Wednesday said it has raised $62 million and will keep on procuring significant cloud kitchen brands across the country. The stage possesses different brands and runs more than 100 cloud kitchens in 12 cities. The most recent round saw support from Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel Partners and Binny Bansal. While $52 million came in value funding, $10 million came in debt financing from Alteria Capital, BlackSoil Capital and Trifecta Capital, Curefoods said in an assertion.
Additionally, the company expects to make further inroads by geographically expanding its multi-brand kitchens across the country and building a D2C platform for all its brands.
“Over the next decade, there will be an opportunity to build multiple food brands across cuisines and geographies. With the fund infusion, we plan on expanding across geographies, and meeting newer customer expectations,” said Ankit Nagori, Founder of Curefoods.
“Curefoods is a tech-enabled rapidly growing food business characterised by innovation, agility, scale and acquisitions of leader brands,” said Sudhir Sethi, Founder and Chairman at Chiratae Ventures.
Curefoods commenced operations in 2020. It operates brands like EatFit, Yumlane, Aligarh House Biryani, Masalabox and CakeZone.
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