Overview

• Curefoods allotted 1.28 crore shares at Rs 124 each to 3State Ventures after board approval on September 10 and shareholder nod on September 15.
• The company’s June draft prospectus proposes a fresh issue of up to Rs 800 crore and an offer for sale of up to 4.85 crore shares by existing investors.
• Planned uses of IPO proceeds include Rs 152.53 crore to expand cloud kitchens, restaurants, kiosks and Krispy Kreme outlets, along with funds for a central kitchen, debt reduction, lease payments and marketing.
• For FY25, revenue from operations rose to Rs 745.8 crore while net loss stood at Rs 169.9 crore.
• 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal and already a key shareholder, increases its stake through the placement.