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Exclusive: Curefoods closes its $50-million Series C funding round

The Bengaluru-based startup competes with Rebel Foods, Biryani by Kilo, and EatClub (formerly known as Box8), which are at the forefront of this industry, and are building house of food brands.

June 01, 2022 / 01:15 PM IST

House of Food Brands Curefoods has closed its Series C round of $50 million from a mix of new and existing investors, according to people aware of the matter. The round was led by Winter Capital along with other investors including Chiratae Ventures and Accel Partners. With this round, the company has so far raised over $120 million in equity and venture debt. 

Moneycontrol has also learnt that the new funds will used towards the expansion of its acquired brands into new geographies and for acquisition of new brands.

In its last round, earlier this year, the startup was valued in the range of $250-$400 million.

Led by Ankit Nagori, Curefoods has been following a Thrasio-style model wherein it acquires mid-sized food brands. Nagori founded the startup after moving out of CureFit and has so far acquired a mix of small and medium-sized brands such as Juno's Pizza, CakeZone, Iceberg, MasalaBox, and White Kitchens, Homeplate.