Curefoods, the parent company of EatFit, has successfully secured $40 million in its Series D funding round. This round saw participation from existing investors Iron Pillar, Chiratae Ventures, and Three State Capital, along with new investors Shinhan Financial Group Co., Ltd. and Landmark Group.
Key Highlights:Funding Details: The $40 million infusion is expected to bolster Curefoods’ expansion plans, enabling the company to open more restaurants, acquire additional food brands, and enhance its product offerings.
Investor Participation: The round was led by existing backers Iron Pillar, Chiratae Ventures, and Three State Capital. New investors, including Shinhan Financial Group Co., Ltd. and Landmark Group, also joined, indicating strong confidence in Curefoods’ business model and growth trajectory.
Strategic Acquisitions: Curefoods is reportedly in discussions to acquire Krispy Kreme’s India franchise from Dubai’s Landmark Group. This potential acquisition aligns with the company’s strategy to diversify and strengthen its brand portfolio.
Future Plans: With the fresh capital, Curefoods aims to expand its operations, enhance its product offerings, and prepare for a potential Initial Public Offering (IPO) in the next 18 months.
Curefoods has been actively expanding its footprint in the cloud kitchen segment, focusing on delivering a variety of cuisines through its multiple brands. The latest funding round brings the total capital raised by the company to approximately $158 million over 12 rounds, underscoring its position as a significant player in India’s food-tech industry.
For a more in-depth analysis of Curefoods’ recent funding and future plans, you might find the following discussioni nformative
