Curefoods raises $13M from Iron Pillar, Nordstar, and Binny Bansal


Spin off foodtech brand established by Ankit Nagori in 2020, which works brands like Eatfit, Yumlane, Aligarh House Biryani, and Masalabox, Curefoods raised $13M from Iron Pillar, Nordstar, and Binny Bansal. Driving holy messengers Adil Allana, Rashmi Kwatra, Lydia Jett, and Kunal Shah additionally partook in this subsidizing round. The organization has been procuring and hatching different cloud kitchen brands over the most recent couple of months. The new deluge of assets will be utilized to procure a lot more computerized food brands across topographies. Additionally, Curefoods will hope to extend its cloud kitchen impression across numerous urban areas and assemble backend innovation to deal with its multi-image, multi-city kitchens impression.

With this gather pledges, the complete financing raised by the organization is at $20 million among Seed and Series A. Curefoods is additionally hoping to close a $10 million obligation raise in the coming weeks. As per Ankit, the group presently needs to extend from four urban areas to eight urban areas in South India in a year, and they need to procure five additional brands in the following a year. Ankit said, “The pandemic has changed the manner in which individuals eat and request food on the web. A few group did it for accommodation and a few group for amusement. This caused us to accept that there is nobody size fits all. While we have been fruitful with Eatfit with a specific sort of crowd at a specific time, we were unable to cook for bunch requesting. We needed to have a multi-brand approach that took into account various requirements of the crowds.”