Curefoods shelves IPO after MFs balk at ₹4,000 Cr valuation
The Olio's Pizza and Krispy Kreme operator has paused its public listing after mutual funds rejected its ₹4,000 Cr ask amid market turmoil. Curefoods had filed for an ₹800 Cr fresh issue plus 4.85 Cr OFS shares. FY25 losses held flat at ₹172 Cr on ₹775.4 Cr revenue (+27%). A retry is likely next year.
Cloud kitchen startup Curefoods has shelved its IPO plans after mutual funds rejected its ₹4,000 Cr valuation amid weak markets. The Olio's Pizza and Krispy Kreme operator may retry listing next year; FY25 losses stayed flat at ₹172 Cr.