Cloud kitchen platform Curefoods has put its initial public offering plans on hold, months after receiving approval from the Securities and Exchange Board of India (Sebi), becoming the latest new-age company to defer its public listing amid choppy markets.
The company, founded by former Flipkart executive Ankit Nagori, was aiming to raise Rs 800 crore through the public issue at a valuation of about Rs 4,000 crore. However, its roadshows did not go as planned, with mutual funds not agreeing to the valuation Curefoods was seeking, people aware of the matter told ET.
