Curefoods, a leading cloud kitchen and food delivery company, has secured ₹56.4 crore in debt funding, led by BlackSoil, a prominent venture debt firm . The funding round also saw participation from notable investors, including Binny Bansal, co-founder of Flipkart, and Caspian Investments.
Curefoods Raises Rs. 56.4 Crore in Debt Funding to Fuel Growth and Expansion
Strategic Funding:
This debt funding is a strategic move by Curefoods to fuel its growth and expansion plans. The company aims to utilize the funds to enhance its technology infrastructure, expand its kitchen network, and strengthen its logistics and supply chain capabilities.
Cloud Kitchen Pioneer:
Curefoods, founded in 2020 by Ankit Nagori, has established itself as a pioneer in the cloud kitchen space. The company operates a network of kitchens across multiple cities, offering a diverse range of cuisines and brands to customers.
BlackSoil’s Investment Thesis:
BlackSoil, which led the funding round, has been actively investing in growth-stage companies across various sectors. The firm’s investment thesis focuses on supporting innovative businesses with scalable models and strong growth potential.
Binny Bansal’s Investment:
Binny Bansal, co-founder of Flipkart, has also invested in Curefoods, bringing his expertise and network to the table. Bansal’s investment is a testament to Curefoods’ growth potential and the attractiveness of the cloud kitchen market.
Caspian Investments’ Participation:
Caspian Investments, a prominent investment firm, has also participated in the funding round. The firm’s investment in Curefoods reflects its confidence in the company’s business model and growth prospects.
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