Curefoods defers Rs 800 cr IPO as MF demand stalls at Rs 4,000 cr valuation
Curefoods has pushed its Rs 800 crore IPO into next year after roadshows failed to draw mutual fund interest at a Rs 4,000 crore valuation. The EatFit and Krispy Kreme operator posted Rs 746 crore FY25 revenue with a Rs 170 crore loss across 500+ kitchens in 70 cities, joining Flipkart and PhonePe in delaying listings.
What happened
Curefoods has deferred its Rs 800 crore IPO at Rs 4,000 crore valuation after roadshows failed to attract mutual fund interest, joining Flipkart and PhonePe in
Key facts
- Rs 800 crore IPO
- Rs 4,000 crore valuation
- Rs 746 crore FY25 revenue
- Rs 170 crore loss
- 500+ kitchens
- 70 cities
- Rs 160 crore pre-IPO
- Rs 124 per share
Why this matters
The Rs 124/share pre-IPO round sets a soft anchor for secondary deals and rollup conversations as Curefoods buys time to prove a path to profitability.