Curefoods Marks Strategic Investment In Millet Express
Cloud kitchen startup Curefoods has made a strategic investment in Hyderabad-based millet startup Millet Express.
Stay updated with breaking news from Three State. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cloud kitchen startup Curefoods has made a strategic investment in Hyderabad-based millet startup Millet Express.
The froth of the low-interest rate regime hasnt been fully washed away from the startup ecosystem and more valuation corrections await on the horizon, especially as companies at the end of their runways come back for more funding, says Prosus CEO Bob van Dijk.
The funding round is Rebel Foods' fourth debt financing round so far, possibly to finance its working capital requirements.
IronPillar, Chiratae Ventures, ASK Finance, and Winter Capital also participated in the financing round.
The Bengaluru-based cloud kitchen operator, which has raised over Rs 950 crore so far, hopes to use the fresh funds to expand across Tier I and II markets and diversify into offline formats.