Cloud kitchen startup Curefoods has successfully raised ₹160 crore ($18 million) in a pre-IPO placement from Flipkart cofounder Binny Bansal’s 3State Ventures. This investment values the Bengaluru-based company at ₹4,000 crore ($450 million) as it prepares for an ₹800 crore initial public offering.
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Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook.