Curefoods plans to raise Rs 800 Cr through DRHP, founder Ankit Nagori to skip OFS

Curefoods, a popular cloud kitchen brand, has taken a monumental step in its growth journey. The company recently submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to prepare for an Initial Public Offering (IPO). This move involves a significant fresh issue valued at Rs 800 crore and an Offer For Sale (OFS) of 4.85 crore shares. The decision to go public marks a strategic move in Curefoods’ trajectory as it seeks to expand its operations and reach a broader investor base.

Founded by Ankit Nagori, Curefoods has made a name for itself in the cloud kitchen space with its innovative concepts and wide-ranging culinary offerings. The brand has garnered a dedicated following and positioned itself as a frontrunner in the industry. With the DRHP filing, Curefoods aims to leverage the capital raised through the IPO to further enhance its services, scale its operations, and drive sustained growth.

Ankit Nagori, the visionary behind Curefoods, is set to steer the company through this transformative phase. His decision to opt-out of the OFS reflects his commitment to the brand’s long-term vision and highlights his focus on directing resources towards supporting Curefoods’ expansion and development initiatives. By retaining ownership and control, Nagori underscores his dedication to steering the brand towards continued success and establishing it as a formidable player in the cloud kitchen segment.

The IPO will provide investors with an opportunity to participate in Curefoods’ growth story and become stakeholders in its evolution. The funds raised through the offering will play a pivotal role in bolstering the brand’s presence, optimizing its logistics and supply chain infrastructure, and introducing new technological advancements to enhance customer experience. Additionally, the IPO will enable Curefoods to explore new avenues for innovation, diversification, and geographical expansion, solidifying its position in the competitive food delivery landscape.

Curefoods’ decision to go public comes at a time of heightened interest in the cloud kitchen segment, with consumer preferences shifting towards convenient and high-quality dining experiences. By capitalizing on this trend and aligning its strategies with evolving market dynamics, Curefoods is well-positioned to capitalize on emerging opportunities, deepen its market penetration, and deliver sustainable value to its stakeholders.

As Curefoods embarks on this new chapter in its journey, it remains committed to upholding its core values of culinary excellence, customer satisfaction, and operational efficiency. The IPO represents a pivotal moment for the brand, signaling its readiness to embark on a new phase of growth, innovation, and industry leadership. With Ankit Nagori at the helm and a dedicated team driving its vision forward, Curefoods is poised to redefine the cloud kitchen landscape and set new benchmarks for success in the food delivery industry.