Curefoods shelves Rs 800 crore IPO, blames market volatility
The cloud kitchen operator behind EatFit and Krispy Kreme India has paused its SEBI-approved Rs 800 crore listing, joining Flipkart and PhonePe in deferring debuts. FY25 revenue climbed to Rs 745.8 crore from Rs 585.1 crore, while losses narrowed marginally to Rs 170 crore.
Cloud kitchen operator Curefoods has shelved its SEBI-approved Rs 800 crore IPO citing market volatility, joining Flipkart and PhonePe in deferring listings. FY25 revenue rose to Rs 745.8 crore with losses narrowing to Rs 170 crore.
Why this matters
Curefoods joins a growing list of Indian consumer companies including Flipkart and PhonePe deferring IPOs amid choppy markets, even as its FY25 revenue grew 27% and losses narrowed.
Retail-company signals steady at 2,301 over the past 90 days.