Curefoods Gets $6.6Mn In Debt Funding From BlackSoil Group

Cloud kitchen house of brands Curefoods has secured $6.6 million in debt funding from BlackSoil, along with participation from Binny Bansal and Caspian Investments.

According to regulatory filings, curefoods raised Rs 40 crore by issuing 800 Series D debentures to BlackSoil. It also offered 200 debentures worth Rs 10 crore to Caspian Investments, and long-time supporters Binny Bansal and Jitendra Kumar Bansal invested Rs 6.39 crore through 595 Series D1 compulsorily convertible preference shares. 

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The funds will support Curefood's growth strategy as it strengthens its position in India's growing cloud kitchen sector. It is also used for working capital and business expansion.

The recent debt funding comes after a Rs 300 crore ($36 million) round last year, led by Binny Bansal's Three State Ventures. Other investors included Iron Pillar, Chiratae Ventures, ASK Finance, and Winter Capital. Curefoods has raised a total of $125 million across several funding rounds, with investments from notable backers like Landmark Group and other venture capital firms.

About Curefoods 

Founded in 2020 by Ankit Nagori, Curefoods owns brands like Nomad Pizza, Olio Pizza, and Sharief Bhai Biryani. It also acquired the South and West operations of Krispy Kreme. With over 100 kitchens in 200 locations, the startup has become a key player in India’s food delivery market.

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