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Curefoods group of brands extent to South india
Cloud kitchen startup
Curefoods said on Tuesday that it acquired the South and West India operations of the doughnut and coffee brand Krispy Kreme.
Financial terms of the deal weren’t disclosed. This acquisition will enable Curefoods to broaden its portfolio and strengthen its presence in India’s food service market by leveraging the brand’s customer base and opera- tional network.
“This partnership underscores our commitment to expanding into cate gories beyond our cloud kitchen ecosystem and investing in well-loved brands to enhance our presence in India’s food market,” Curefoods founder Ankit Nagori said.
Prior to this acquisition, Krispy
Kreme’s South Indian operations we re managed by retailer Landmark Group. With this deal, Landmark Ho- spitality Services Ltd has acquired a stake in Curefoods India, investing an undisclosed amount.
US-based Krispy Kreme Inc has operations in 40 countries through a network of doughnut shops, retail partnerships and a digital platform.
Curefoods had in December 2023 in- vested ₹10 crore in res- taurant and food discovery
enabling platform Hogr. It also acqui- red foodtech company Yumlane and its proprietary technology in October 2023. It has raised $158 million in total till date, as per data intelligence platform Tracxn.
Founded in 2020 by for- mer Flipkart executive Nagori, Curefoods houses brands like EatFit, Cakezone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle. The company has over 500 cloud kit- chens and offline sto- res in 40 Indian cities.
The company posted 53% revenue growth in fiscal 2024 when it also cut net loss to less than a half from the year before.
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