• Curefoods

  Participated · Series C · Jun 2022

  Founded in 2020, Curefoods builds and runs a portfolio of digital-first food brands including EatFit, Yumlane, Masalabox, CakeZone and Aligarh House Biryani. The company operates 150 multi-brand cloud kitchens and more than 100 additional kitchens covering 200 locations across 15 Indian cities, supported by seven backend food factories. Beyond organic growth, Curefoods has pursued an active M&A strategy, purchasing YumLane Pizza and Millet Express in 2023 and investing Rs 10 crore ($1.2 million) in the food-discovery platform Hogr. Media reports show the firm has raised over $200 million to date and is currently negotiating a further $40 million extension to its Series D round, a deal that could push its valuation to about $500 million. For FY23, the company generated operating revenue of Rs 384 crore, making it the second-largest player in India’s cloud-kitchen sector after Rebel Foods. Curefoods aims to keep expanding its kitchen footprint and brand portfolio to consolidate its position in the rapidly growing online food-delivery market.

• Swiggy

  Participated · Series K · Jan 2022

  Swiggy operates a two-sided marketplace that connects consumers with restaurants and convenience stores, delivering meals and everyday essentials via its Instamart quick-commerce arm. The company is investing aggressively in warehouse infrastructure, last-mile logistics and customer acquisition to expand market share against rivals such as Blinkit and Zepto. To strengthen its balance sheet, Swiggy recently divested its entire stake in ride-hailing platform Rapido for about ₹2,400 crore. In Q2 FY26, the firm generated ₹5,561 crore in revenue from operations, up 54% year-on-year, while adjusted revenue reached ₹5,900 crore, a 52.6% YoY increase. Despite this growth, it posted a net loss of ₹1,092 crore, though losses narrowed from the previous quarter’s ₹1,197 crore. Management intends to use new capital to fund further growth in food delivery, support "new experiments" in quick commerce, and moderate the pace of warehouse expansion to improve margins.

No current team members are available.