Ankit Nagori-led Curefoods aims to expand cloud kitchens across India

Curefoods is expecting to reach annual recurring revenue (ARR) of Rs 1000 crore ($122 million) by the end of this year and it aims to be ready for an IPO in 18 months

Ankit Nagori, the former Flipkart executive and co-founder of India's largest gym chain, Cult.fit, is betting big on expanding the network of cloud kitchens across the country through his new venture Curefoods.

Curefoods which commenced operations in 2020 said it is now the second-largest cloud kitchen player in India in terms of footprint with the largest manufacturing capability in the fresh food space. A 'cloud kitchen' is one that does not offer a dine-in facility and accepts food orders only through an online ordering system

In 2023, the firm aims to open 50 kitchens in about 7-8 cities. It is