Multi-brand cloud kitchen operator Curefoods has raised Rs 160 crore in a pre-IPO placement from 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal. The company allotted 12.8 million equity shares at Rs 124 per share to the Singapore-based fund.

Strategic investment ahead of a major IPO

The placement, approved by the board on September 10 and shareholders on September 15, will be factored into the sizing of the fresh issue under Securities and Exchange Board of India’s (Sebi) Issue of Capital and Disclosure Requirements (ICDR) norms.

Founded by Ankit Nagori, Curefoods had filed its draft red herring prospectus (DRHP) in June 2025 for a proposed IPO comprising a fresh issue of up to Rs 800 crore and an offer for sale of 40.8 million shares by existing sharehold

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