Curefoods parks Rs 800 cr IPO as MFs balk at Rs 4,000 cr ask
EatFit and Krispy Kreme operator Curefoods has shelved its Rs 800 crore IPO at a Rs 4,000 crore valuation after mutual funds pushed back on pricing, joining Flipkart and PhonePe in deferring listings. The cloud kitchen firm posted Rs 746 crore FY25 revenue against a Rs 170 crore loss across 500+ kitchens in 70 cities.
Cloud kitchen platform Curefoods has paused its Rs 800 crore IPO at Rs 4,000 crore valuation after mutual funds resisted pricing, joining Flipkart and PhonePe in deferring listings amid weak appetite for loss-making consumer internet companies.