Curefoods parks Rs 800 cr IPO as MFs balk at Rs 4,000 cr ask
EatFit and Krispy Kreme operator Curefoods has shelved its Rs 800 crore IPO at a Rs 4,000 crore valuation after mutual funds pushed back on pricing, joining Flipkart and PhonePe in deferring listings. The cloud kitchen firm posted Rs 746 crore FY25 revenue against a Rs 170 crore loss across 500+ kitchens in 70 cities.
What happened
Cloud kitchen platform Curefoods has paused its Rs 800 crore IPO at Rs 4,000 crore valuation after mutual funds resisted pricing, joining Flipkart and PhonePe
Key facts
- Rs 800 crore IPO
- Rs 4,000 crore valuation
- Rs 746 crore FY25 revenue
- Rs 170 crore FY25 loss
- 500+ kitchens
- 70 cities
- Rs 160 crore pre-IPO
- Rs 124 per share
Why this matters
The shelved IPO and pressured Rs 124/share benchmark open a window for strategic acquirers or late-stage PE to negotiate down-rounds in the cloud kitchen and QSR roll-up space.