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Announced

Completed

A consortium of investors led a $62m funding round in Cure.Fit.

Financials

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Transaction Value£45m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Private Equity

Minority

Acquisition

Single Bidder

Domestic

Friendly

Software

mobile application

India

Completed

Private

Venture Capital

Synopsis

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A consortium of investors, including Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel Partners and Binny Bansal, led a $62m funding round in Cure.Fit, a cloud kitchen startup. We are excited to double down on our investment in Curefoods. There is a massive opportunity to build large national and regional food brands in India, and the Curefoods team in a short span has demonstrated their capability to identify, acquire and scale these brands through their experience in technology led distribution, and brand building," Devavrat Jatia, Iron Pillar Vice President.

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