Curefoods eyes INR 1000 crore ARR in this FY; expects to turn profitable soon
A house of brands with operations in multiple F&B formats - cloud kitchen, QSRs and casual dining - Bengaluru-based Curefoods is looking at massive expansion across formats and regions and entering the eastern India market early next year.
Founded by Ankit Nagori in 2020, the growth and expansion of Curefoods, a cloud-kitchen first company with core focus on healthy daily food, has been quite fast. A house of brands company, Curefoods currently operates 340 locations in the country in three formats - Cloud kitchens, QSR and restaurants.
Although 60 percent of the operations and locations are in the South, the company has a reasonable presence in the north and west regions of India. As a QSR first brand, 200 of these locations are cloud kitchens and 100 QSR locations and 40-odd restaurants.
Talking to ET HospitalityWorld, Nagori said that the company has been able to develop products in every vertical of the F&B business to cater to the customer needs and therefore in each of the verticals they have been able to register higher growth than the industry CAGR in the last three years.
In the cloud kitchen format, the company has brands like Eatfit, CakeZone and Olio Pizza; and in QSR the company has established brands like Frozen Bottle and Rolls on Wheels; and in restaurants, a Biryani brand called Sharief Bhai Biryani and Nomad Pizza.READ MORE