Curefoods shelves Rs 800 crore IPO, blames market volatility
The cloud kitchen operator behind EatFit and Krispy Kreme India has paused its SEBI-approved Rs 800 crore listing, joining Flipkart and PhonePe in deferring debuts. FY25 revenue climbed to Rs 745.8 crore from Rs 585.1 crore, while losses narrowed marginally to Rs 170 crore.
What happened
Cloud kitchen operator Curefoods has shelved its SEBI-approved Rs 800 crore IPO citing market volatility, joining Flipkart and PhonePe in deferring listings.
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
Paused IPOs across Curefoods, Flipkart, and PhonePe open a window for strategic tie-ups or secondary stake deals as cloud kitchen and quick-commerce assets seek alternative liquidity.