Curefoods, the Bengaluru-based company that operates Krispy Kreme in India, has filed its draft red herring prospectus with SEBI to raise Rs 800 crore through a fresh issue, alongside an offer for sale of up to 4.95 crore shares.
The company will use Rs 152.5 crore from the proceeds to set up new cloud kitchens, restaurants, kiosks and central kitchens under the Krispy Kreme brand, expand select existing kitchens, and purchase equipment. It will also repay Rs 126.9 crore in debt. As of April 2025, Curefoods had total consolidated debt of Rs 239.1 crore.
JM Financial, IIFL Capital and Nuvama Wealth Management are managing the issue.
Founded in Bengaluru, Curefoods is backed by Binny Bansal, Accel, Iron Pillar, Chiratae Ventures and Alteria Capital. It secured pan-India rights to the global doughnut and coffee brand Krispy Kreme in May 2025. The company operates eight brands — EatFit, HRX, Great Indian Khichdi, Homeplate, Millet Express, Rolls on Wheels, Chaat Street, and Madras Curd Rice Company.
Among those selling shares, Iron Pillar PCC – Cell C will offload up to 1.96 crore shares. Global Commerce Consolidation Fund L.P. will sell up to 35.24 lakh, Chiratae Ventures Master Fund IV up to 70.96 lakh, and Alteria Capital Fund up to 14.31 lakh.
Accel India (Mauritius) Limited will offer 74.41 lakh shares, Chiratae Ventures India Fund IV 73.41 lakh, and individual investor Shripad Shrikrishna Nadkarni 15.49 lakh.
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