Restaurant India News: Curefoods Reportedly Defers Rs 800 Crore IPO Amid Market Uncertainty

Cloud kitchen operator Curefoods has reportedly deferred its initial public offering (IPO) plans amid ongoing market volatility, becoming one of several new-age companies reassessing their listing timelines in response to changing investor sentiment.

The company had secured approval from the Securities and Exchange Board of India (SEBI) for its proposed Rs 800 crore IPO after submitting draft papers in October 2025. However, according to reports, Curefoods has adopted a wait-and-watch approach as public market conditions remain uncertain.

The development follows similar decisions by other prominent startups, including Flipkart and PhonePe, which have also delayed their public listing plans amid concerns over market stability and valuation expectations.

Founded by Ankit Nagori, Curefoods operates a multi-brand cloud kitchen platform spanning multiple food categories, including Indian cuisine, pizza, desserts and health-oriented offerings. Its portfolio comprises brands such as EatFit, CakeZone, Nomad Pizza, Frozen Bottle, Sharief Bhai and Krispy Kreme.

The decision to postpone the IPO comes at a time when several companies preparing for public listings are reviewing their fundraising strategies while awaiting improved investor confidence and stronger market conditions.

In September last year, Curefoods raised Rs 160 crore in a pre-IPO funding round from 3State Ventures, the investment vehicle of Flipkart co-founder Binny Bansal. The capital raise was viewed as part of the company's preparations for its proposed market debut.

Curefoods reported revenue of Rs 745.8 crore for FY25, compared with Rs 585.1 crore in FY24. The company also reported an improvement in its financial performance, with losses narrowing to Rs 170 crore from Rs 172.6 crore in the previous financial year.

Curefoods had not issued an official statement on the reported postponement at the time of writing, although media reports suggest the company may revisit its IPO plans once market conditions become more favourable.