Curefoods raises Rs 160 Cr in pre-IPO placement from Binny Bansal’s 3State Ventures

Cloud kitchen operator Curefoods has raised Rs 160 crore ($18 million) in a pre-IPO placement from 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal. According to the press release,  Curefoods has allotted 1.28 crore equity shares at Rs 124 per share to 3State Ventures.

The Bengaluru-based firm had filed its draft red herring prospectus (DRHP) in June to raise Rs 800 crore through a fresh issue along with an offer for sale (OFS) of 4.08 crore shares by early investors, including Iron Pillar, Chiratae Ventures, Crimson Winter,…