Curefoods pauses Rs 800 cr IPO as market volatility forces tech-IPO retreat
The cloud kitchen operator behind EatFit, CakeZone and Krispy Kreme India has put its SEBI-approved Rs 800 crore IPO on hold, joining Flipkart and PhonePe in deferring listings. FY25 revenue rose to Rs 745.8 crore from Rs 585.1 crore, with losses flat at Rs 170 crore.
What happened
Curefoods has reportedly paused its SEBI-approved Rs 800 crore IPO citing market volatility, joining Flipkart and PhonePe in deferring listings. The cloud
Key facts
- Rs 800 crore IPO
- Rs 160 crore pre-IPO
- $18 million
- FY25 revenue Rs 745.8 crore
- FY24 revenue Rs 585.1 crore
- FY25 loss Rs 170 crore
- FY24 loss Rs 172.6 crore
Why this matters
Stalled IPOs at Curefoods, Flipkart, and PhonePe create a buyer's market for cloud kitchen and consumer brand consolidation—approach Curefoods' EatFit/CakeZone/Krispy Kreme portfolio for partnership or carve-out conversations while listing leverage is weak.