Curefoods’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Curefoods India Private Limited | CIN: U55209KA2020PTC139614
Cure Foods, founded in 2017 by Ankit Nagori, is a Bengaluru-based direct-to-consumer healthy food brand offering fresh, ready-to-eat meals. With a network of cloud kitchens across 10 cities, Cure Foods caters to urban professionals seeking nutritious, chef-crafted meals delivered under 30 minutes. The product suite includes meal plans, snacks, and corporate catering, leveraging proprietary logistics tech and data-driven menu engineering to optimize delivery efficiency and reduce waste.
| Founding year | 2017 |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Valuation | ~$300M (2022) |
| Total Funding | $45M |
| Annual Revenue | ₹160 Cr (FY24) |
| Annual Net Loss | ₹10 Cr (FY24) |
| EBITDA Margin | -5% (FY24) |
| Employees | ~900 (FY24) |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | Feb 2019 | $5M | Sequoia India |
| Series A | Aug 2021 | $15M | Lightbox |
| Series B | Nov 2022 | $25M | Avatar Partners |
- Expand cloud kitchen footprint to 15 cities by FY26.
- Develop subscription meal plans to increase recurring revenue.
- Incorporate AI-driven demand forecasting to optimize inventory.
- Partner with corporates for employee meal programs.
- Consider IPO once EBITDA turns positive consistently.
In 2025, Cure Foods launched a keto-friendly menu line, driving 15% uplift in average order value.
| Metric | Details |
|---|---|
| Revenue | ₹80 Cr → ₹120 Cr → ₹160 Cr |
| Net Loss | ₹20 Cr → ₹15 Cr → ₹10 Cr |
| EBITDA Margin | -25% → -15% → -5% |
| Employees | 600 → 750 → 900 |
| Funding | $5M → $15M → $25M |
| IPO Status | Private; IPO on horizon post profitability. |
| Expansion Focus | Cloud kitchens, subscriptions, corporate. |
| Latest News | Keto line launch; +15% AOV |
Cure Foods’ strong revenue growth and margin improvement reflect its operational efficiency and market appeal. Strategic menu innovation, geographic expansion, and path to profitability will drive its potential public offering.
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- Economic Times: FY22–FY24 financials
- Inc42: Funding round details
- Company blog: Keto menu launch
- Wikipedia: Cure Foods
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