Ankit Nagori’s cloud kitchen startup Curefoods closes Yumlane acquisition
Cloud kitchen startup Curefoods closed the acquisition of foodtech company Yumlane and its proprietary technology on Monday. The acquisition will enable Yumlane to leverage Curefoods’ network to enhance its proprietary pizza technology.
Even prior to the acquisition, Curefoods was an investor in Yumlane alongside Orios Venture Partners, and angel investors such as Flipkart founder Binny Bansal and Shaadi.com founder Anupam Mittal.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitIn 2021, the Bengaluru-based company took Yumlane Pizza cloud kitchen franchisee rights for the South India market, and purchased a 10% stake in the company in 2022.
Commenting on the acquisition, Gokul Kandhi, chief business officer of Curefoods, said, “Their extensive business-to-business (B2B) client network and their positioning as a value leader in the pizza category align strategically with our brand portfolio. We are excited to harness Yumlane’s potential as we work toward enhancing the pizza category as a whole.”
Founded in 2020 by former Flipkart executive Ankit Nagori, Curefoods houses a variety of brands such as EatFit, CakeZone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle. It has over 200 cloud kitchens and offline stores across 15 cities in India.
“There are multiple benefits for us given that we were partners with them for two years and had them on our cap table. There was always sharing of infrastructure, ideas and from a pure integration point of view it was happening gradually over the couple
