Cloud kitchen operator Curefoods has reportedly put its IPO plans on hold due to volatile market conditions, joining a growing list of startups delaying their public listings.
The company had already received SEBI approval for its proposed Rs 800 crore IPO after filing draft papers in October 2025.
According to ET, Curefoods is taking a cautious approach as market sentiment remains weak. The move follows similar decisions by companies such as Flipkart and PhonePe, which have also deferred their listing plans amid uncertain market conditions.
Founded by Ankit Nagori, Curefoods operates food brands including EatFit, CakeZone, and Nomad Pizza.
The delay comes as several IPO-bound companies reassess their timelines and valuations while waiting for improved market conditions and stronger investor appetite.
Entrackr has reached out to Curefoods for more details.
Back in September last year, Curefoods raised Rs 160 crore ($18 million) in a pre-IPO placement from 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal.
Curefoods operates a multi-brand cloud kitchen business across categories such as Indian meals, pizza, desserts, and health-focused food. Its portfolio includes EatFit, CakeZone, Nomad Pizza, Frozen Bottle, Sharief Bhai, and Krispy Kreme.
The company closed FY25 with revenue of Rs 745.8 crore, up from Rs 585.1 crore in FY24, while its losses narrowed to Rs 170 crore from Rs 172.6 crore in the previous year.
