After PhonePe, Curefoods Puts IPO Plans On Hold Amid Market Turmoil: Report

by · Inc42

SUMMARY

  • Mutual funds were not aligned with the ₹4,000 Cr (about $419 Mn) valuation sought by Curefoods during its roadshows, especially due to the current market conditions
  • The startup was expected to utilise the fresh funds raised from the IPO to expand its cloud kitchen network, adding over 66 new kitchens to its kitty
  • Curefoods marginally narrowed its net loss to ₹172 Cr in FY25 from ₹170 Cr in FY24, while total revenue rose 27% to ₹775.4 Cr from ₹635 Cr reported in FY24