More than a month after transitioning into a public company, cloud kitchen startup Curefoods has submitted its draft red herring prospectus (DRHP) to the markets regulator SEBI in order to raise funds through an initial public offering (IPO).

Curefoods, established in 2020 by ex‑Flipkart executive Ankit Nagori, includes a diverse range of brands like EatFit, Cake Zone, Nomad Pizza, Frozen Bottle, and Sharief Bhai Biryani.

The IPO will include a new share issue valued at up to INR 800 Cr ($304 Mn) and an offer for sale (OFS) of up to 4.85 Cr equity shares from current shareholders.

Related: Swiggy CEO Predicts Quick Commerce Market to Hit $40 Billion by 2030

• It is worth mentioning that at the conclusion of the March quarter, Nexus Venture Partners possessed 4.39 Cr shares, equating to a 5.88% ownership in the logistics firm.  Since the logistics major’s listing, the investor has been gradually reducing its stake in it.Through its two funds, Nexus Ventures III and Nexus Opportunity Fund, it held a 10.26% stake in the company at the time of listing.  Before this, it had sold more than 78.19 lakh shares of Delhivery for INR 344 crore in August 2024.

• Delhivery’s shares have risen 11% year to date, showing an upward trend this year.  Today, the stock finished the session at INR 384.95 on the BSE, marking a decline of 0.82% from the prior close.The increase in the stock price is attributable to Delhivery’s enhancing financial performance.  In Q4 of FY25, the consolidated net profit of the company was INR 72.6 Cr, compared to a loss of INR 68.5 Cr in the same quarter of the previous year.  In the fourth quarter of FY25, operating revenue increased by 6% to reach INR 2,191.6 Cr, compared to INR 2,075.5 Cr in the same quarter of the previous year.In FY25, the company recorded its first profitable fiscal year, with a net profit of INR 162.1 Cr compared to a loss of INR 249.2 Cr in FY24.

• Delhivery’s shares have risen 11% year to date, showing an upward trend this year.  Today, the stock finished the session at INR 384.95 on the BSE, marking a decline of 0.82% from the prior close.

  The increase in the stock price is attributable to Delhivery’s enhancing financial performance.  In Q4 of FY25, the consolidated net profit of the company was INR 72.6 Cr, compared to a loss of INR 68.5 Cr in the same quarter of the previous year.  In the fourth quarter of FY25, operating revenue increased by 6% to reach INR 2,191.6 Cr, compared to INR 2,075.5 Cr in the same quarter of the previous year.

  In FY25, the company recorded its first profitable fiscal year, with a net profit of INR 162.1 Cr compared to a loss of INR 249.2 Cr in FY24.