Curefoods shelves IPO as MFs balk at INR 4,000 Cr valuation

The Olio's Pizza and Krispy Kreme operator has put its public listing on hold after mutual funds pushed back on its INR 4,000 Cr ask amid market turmoil. FY25 losses stayed flat at INR 172 Cr on revenue of INR 775.4 Cr (+27%). Listing may be revisited next year.

— Source publishedMon, 8 Jun, 2026, 11:24 IST·First seen Mon, 8 Jun, 2026, 11:25 IST·Source Inc42

What happened

Cloud kitchen startup Curefoods has shelved its IPO plans after mutual funds resisted its INR 4,000 Cr valuation amid market turmoil. The Olio's Pizza and

Key facts

  • INR 4,000 Cr valuation
  • INR 800 Cr fresh issue
  • 4.85 Cr OFS shares
  • INR 172 Cr FY25 loss
  • INR 775.4 Cr FY25 revenue
  • 27% revenue growth
  • 502 service locations
  • 70+ cities
  • 20+ brands
  • $150 Mn raised

Why this matters

A shelved IPO and contested valuation make Curefoods a candidate for strategic consolidation or brand-level carve-outs as it seeks bridge capital before a 2026 listing window.

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