• Curefoods to raise Rs 800 crore through fresh issue, investors to offload 4.85 crore shares via OFS.
• Milky Mist aims to raise Rs 2,035 crore, with Rs 1,785 crore from fresh issue and Rs 250 crore through OFS.
• Both companies plan to use IPO proceeds for expansion, debt repayment, and business growth.

Cloud kitchen operator Curefoods and dairy brand Milky Mist have received approval from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings (IPOs), according to a regulatory update.

Curefoods, founded by Ankit Nagori, had filed its draft papers four months ago. Its IPO will comprise a fresh issue worth Rs 800 crore and an offer for sale (OFS) of 4.85 crore shares. Major investors, including Iron Pillar, Accel India, and Chiratae Ventures, will sell part of their holdings, while Nagori will retain his stake. Funds raised will go toward expanding cloud kitchens, repaying debt, meeting lease costs, marketing, and general corporate purposes.

The Bengaluru-based company has raised over $200 million so far, including a recent Rs 160 crore pre-IPO round led by 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal. Curefoods reported 27.5% growth in FY25 revenue to Rs 746 crore, while losses stayed flat at around Rs 170 crore.

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Meanwhile, Tamil Nadu-based Milky Mist plans to raise Rs 2,035 crore, including a fresh issue of Rs 1,785 crore and an OFS of Rs 250 crore. Promoters Sathishkumar T and Anitha S will offload shares worth Rs 150 crore and Rs 100 crore, respectively. The dairy company’s revenue grew to Rs 2,349 crore in FY25, with net profit rising to Rs 46 crore from Rs 19.4 crore a year earlier.

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