Curefoods pulls back IPO, hunts pre-IPO cheque as West Asia jitters cloud listing window
The multi-brand operator behind EatFit, CakeZone and Krispy Kreme India has paused its ₹1,400-1,500 crore IPO filed in June, opting instead for a private round. Revenue rose to ₹745.8 crore in FY25 from ₹635 crore, but FY24 losses of ₹172.6 crore and 502 outlets across 70+ cities leave the house-of-brands story dependent on fresh capital.
What happened
Curefoods has delayed its IPO citing West Asia geopolitical uncertainty and is exploring a fresh pre-IPO fundraise. The multi-brand food services firm filed
Key facts
- ₹160 crore pre-IPO
- 1.28 crore shares at ₹124
- ₹800 crore fresh issue
- 4.08 crore OFS shares
- ₹1,400-1,500 crore target
- 502 locations
- 70+ cities
- FY24 revenue ₹635 crore
- FY25 revenue ₹745.8 crore
- FY24 loss ₹172.6 crore
- $40 million Series D
Why this matters
West Asia jitters closing the listing window creates a buyer's market for strategic stakes or brand-level carve-outs in EatFit, CakeZone and Krispy Kreme India as Curefoods hunts bridge capital.