With this move, Curefoods now runs over 100 Krispy Kreme outlets across India. It had earlier taken over Krispy Kreme’s South and West India operations in December.
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.
Bengaluru-based cloud kitchen startup Curefoods has made a strategic investment in Dras Ice, a company that provides pure, contaminant-free packaged ice.
Curefoods, a food and beverage company, has officially acquired Krispy Kreme's operations in South and West India from the Landmark Group. Metta Capital advised Landmark Group throughout the transaction.
Curefoods, a cloud kitchen brand that houses businesses like EatFit and Cakezone, led a seed financing round of Rs 10 crore for HOGR, a social network that facilitates restaurant and food discovery.
On Monday, cloud kitchen startup Curefoods completed the purchase of Yumlane, a foodtech firm, along with its patented technology. Yumlane plans to improve its in-house pizza technology by utilising Curefoods' network as a result of the acquisition.