Samreen Ahmad · · 2 min readFlipkart co-founder joins Indian F&B startup’s $13m round
Curefoods, which operates the cloud kitchen brand EatFit in India, announced that it secured US$13 million in a series A round led by Iron Pillar.
Curefoods founder Ankit Nagori / Photo credit: Curefoods
Nordstar and Binny Bansal, who is the co-founder of ecommerce giant Flipkart, also participated in the round.
Curefoods will use the fresh funds to acquire digital food brands, expand the company’s cloud kitchen footprint across multiple cities, and strengthen its backend technology.
Apart from EatFit, Curefoods currently operates brands such as Yumlane, Aligarh House Biryani, and Masalabox. The company runs these brands to cook and serve quality food to its patrons.
It has over 25 cloud kitchens across four cities in India. It is aiming to have 200 cloud kitchens by the end of 2022.
With the latest fundraise, Curefoods has raised a total of US$20 million since it began operations in 2020. It is also looking to close a US$10 million debt raise in the coming weeks.
See also: Made in cloud kitchens: Rebel foods and Hangry
“In the next decade, there is an opportunity to build and incubate brands across cuisines with meaningful scale. There will be multiple $50 million brands in the future in the online delivery space and we believe we are in a great position to build, acquire, and own many of them,” said Ankit Nagori, founder at Curefoods.
Editing by Miguel Cordon and Arpit Nayak
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