Curefoods shelves IPO after MFs balk at ₹4,000 Cr valuation
The Olio's Pizza and Krispy Kreme operator has paused its public listing after mutual funds rejected its ₹4,000 Cr ask amid market turmoil. Curefoods had filed for an ₹800 Cr fresh issue plus 4.85 Cr OFS shares. FY25 losses held flat at ₹172 Cr on ₹775.4 Cr revenue (+27%). A retry is likely next year.
What happened
Cloud kitchen startup Curefoods has shelved its IPO plans after mutual funds rejected its ₹4,000 Cr valuation amid weak markets. The Olio's Pizza and Krispy
Key facts
- ₹4,000 Cr valuation
- ₹800 Cr fresh issue
- 4.85 Cr OFS shares
- ₹172 Cr FY25 loss
- ₹775.4 Cr FY25 revenue
- 27% revenue growth
- $150 Mn raised
- 502 service locations
- 70+ cities
- 20+ brands
Why this matters
The shelved listing opens a window for strategic acquirers or PE to engage Curefoods on better terms before its likely retry next year, particularly across its multi-brand cloud-kitchen portfolio.