Binny Bansal-backed Curefoods raises Rs 160 cr in pre-IPO placement
Curefoods India, the multi-brand cloud kitchen operator, successfully raised Rs 160 crore in a pre-IPO placement from Flipkart co-founder Binny Bansal's 3State Ventures. This strategic placement, involving 1.3 crore equity shares at Rs 124 each, precedes its planned IPO to secure up to Rs 800 crore for expansion and working capital. The company reported Rs 745.
Curefoods India, the multi-brand cloud kitchen operator, successfully raised Rs 160 crore in a pre-IPO placement from Flipkart co-founder Binny Bansal's 3State Ventures. This strategic placement, involving 1.3 crore equity shares at Rs 124 each, precedes its planned IPO to secure up to Rs 800 crore for expansion and working capital. The company reported Rs 745.
