India, Sept. 26 -- Cloud kitchen company Curefoods has raised INR 160 Cr (around $18 Mn) in pre-IPO placement from Flipkart cofounder Binny Bansal's 3State Ventures.

In a statement, the IPO-bound company said that its board and shareholders approved an allotment of 1.28 Cr equity shares at INR 124 per share to 3State Ventures earlier this month.

Notably, 3State Ventures was the second biggest stakeholder in Curefoods, after founder Ankit Nagori, with a 17.3% stake prior to this funding round.

Founded in 2020 by former Flipkart executive Nagori, Curefoods houses a variety of brands such as EatFit, Cake Zone, Nomad Pizza, Frozen Bottle, Sharief Bhai Biryani, among others. The startup generates revenue primarily from sale of food items, s...