Curefoods Delays IPO Amid Market Volatility

Curefoods has decided to postpone its IPO due to uncertain market conditions, aligning itself with a growing number of startups that are deferring their public offerings. The company had previously secured SEBI approval for its anticipated Rs 800 crore IPO after filing draft documents in October 2025.

Market Sentiment and Delayed Listings

According to reports from ET, Curefoods is opting for a cautious approach as market sentiment continues to remain weak. This decision mirrors similar actions taken by companies like Flipkart and PhonePe, both of which have also chosen to delay their listing plans in light of the prevailing market instability.

About Curefoods

Curefoods, established by Ankit Nagori, manages various food brands including EatFit, CakeZone, and Nomad Pizza. The decision to postpone the IPO comes at a time when numerous IPO-bound companies are re-evaluating their timelines and valuations, awaiting an improvement in market conditions and a stronger appetite from investors.

Recent Funding and Financial Performance

In September of the previous year, Curefoods successfully raised Rs 160 crore (approximately $18 million) through a pre-IPO placement involving 3State Ventures, which is the investment branch of Flipkart co-founder Binny Bansal. The company operates a multi-brand cloud kitchen model across various categories such as Indian cuisine, pizza, desserts, and health-conscious meals.

Curefoods’ Diverse Portfolio

The portfolio of Curefoods features brands like EatFit, CakeZone, Nomad Pizza, Frozen Bottle, Sharief Bhai, and Krispy Kreme. For the fiscal year 2025, the company reported a revenue of Rs 745.8 crore, an increase from Rs 585.1 crore in fiscal year 2024, while its losses showed a slight improvement, narrowing to Rs 170 crore from Rs 172.6 crore the previous year.