Cloud kitchens operator Curefoods India files papers for IPO

Cloud Kitchens Curefoods India has made initial papers to the Indian Securities and Stock Exchange Council to raise funds through an initial general offer (IPO).

The public subscription will include a new version of 8 billion rupees (97 million dollars) and an introduction of 48.5 million shares by current shareholders, according to the Press Trust of India newspaper Economic times.

The offer for sale included shares from Access India V, Chiratae Capital Fund, Chiratae Ventures India Fund IV, Crimson Winter, Curefit Healthcare Global Ec-Easplidation Fund and Iron Gainar PCC.

Bengaluru -based Curefoods runs brands like Cakezone and Nomad Pizza and plans to raise $ 19 million in a round before the dispute.

If the pre -subscriber mode is completed, the new problem will be reduced accordingly.

Public subscription revenues will be used for purposes such as allocating $ 18 million for expansion and equipment: $ 15 million for new Kreispe Kreme cloud kitchens, restaurants, kiosks and central kitchens, $ 2.4 million to expand the current cloud kitchens, and $ 760,000 for purchase machines.

An additional $ 15 million will be allocated for debt payment, $ 4.8 million for rental payments for current property, and $ 1.7 million for sales and marketing efforts. The company also intends to invest $ 11 million in Fan Hospitality Services, $ 1.4 million in Cakezone FoodTecs and $ 9.8 million to get more contributing to three branches.

Part of the returns will also finance future acquisitions, strategic initiatives and public companies. Curefoods India is a multi -branded food services company that offers various foods through non -delivery and non -delivery channels, including cloud kitchens, stalls and restaurants.

JM Financial, IIFL Capital Services and Nuvama Wealth Management act as major managers who run books for the public issue.

The “Cloud Kitchens Corepator Curefoods India Files Files for IPO” was originally created and published by Verdict Food Service, a brand owned by Globaldata.

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