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Flipkart co-founder Binny Bansal invests Rs 200 crore more in cloud kitchen startup Curefoods

IndianStartupNewsIndianStartupNews Ā· 9m
Flipkart co-founder Binny Bansal invests Rs 200 crore more in cloud kitchen startup Curefoods

Bengaluru-based cloud kitchen startup Curefoods has secured an additional $25 million investment from Binny Bansal's Three State Ventures. This comes as part of an ongoing funding round, bringing Three State Ventures' total investment in Curefoods to $50 million. Curefoods plans to use the funds to expand its offline presence and strengthen its portfolio. Since its founding in 2020, Curefoods has rapidly grown to include over 200 cloud kitchens and offline stores across 15 cities in India. With this latest investment, Binny Bansal's stake in the company reaches 18%. Curefoods operates in a competitive market, but its strategic acquisitions and expansion plans have helped it become the second-largest brand in terms of revenue after Rebel Foods.

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