Cloud kitchen startup Curefoods has raised about $43 million in a funding round led by Winter Capital, according to ETtech report. Three State Capital has invested $5.8 million in the round.
Existing investors Chiratae Ventures infused about $1.6 million, while Accel India invested $3.9 million and Iron Pillar put in $10 million, according to regulatory filings sourced from business intelligence platform Tofler.
Curefoods, led by former Flipkart executive Ankit Nagori, has also raised around $500,000 in debt from venture debt firm Alteria Capital, the filings showed.
Founded in 2020, Curefoods has raised about $120 million till date, including the latest round. Earlier this year, it merged with rival Maverix, and the combined entity has about 125 cloud kitchens across 12 cities, including Delhi, Mumbai, and Bengaluru.
The Bengaluru-based startup is focussed on creating a multi-brand play, similar to US-based Thrasio, which pioneered the business of acquiring brands from Amazon and scaling them. Curefoods is also acquiring, incubating and licensing other food brands.
It plans to use the fresh capital to expand into new geographies and fund new acquisitions.
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