Curefoods shelves IPO as MFs balk at INR 4,000 Cr valuation
The Olio's Pizza and Krispy Kreme operator has put its public listing on hold after mutual funds pushed back on its INR 4,000 Cr ask amid market turmoil. FY25 losses stayed flat at INR 172 Cr on revenue of INR 775.4 Cr (+27%). Listing may be revisited next year.
Cloud kitchen startup Curefoods has shelved its IPO plans after mutual funds resisted its INR 4,000 Cr valuation amid market turmoil. The Olio's Pizza and Krispy Kreme operator may revisit listing next year; FY25 losses stayed flat at INR 172 Cr.
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