Cloud kitchen major Curefoods has acquired the pan-India rights for iconic American doughnut and coffee chain Krispy Kreme, marking a significant step in its national expansion strategy.
The deal includes the acquisition of seven retail stores and four cloud kitchens in Delhi NCR, signaling Curefoods’ official entry into North India. While financial details of the transaction remain undisclosed, the move consolidates Curefoods’ presence across India, bringing its total number of Krispy Kreme outlets to over 100.
“With full national rights now under our umbrella, we are excited to build a unified strategy for brand growth, customer experience, and innovation across the country,” said Ankit Nagori, founder of Curefoods. “Delhi NCR is just the beginning—we’re committed to scaling Krispy Kreme in a way that’s sustainable, accessible, and exciting for our consumers.”
This development follows Curefoods’ acquisition of Krispy Kreme’s South and West India operations in December last year. The company now aims to deepen its footprint in western regions, including Mumbai.
Founded in 2020 by former Flipkart executive Ankit Nagori, Curefoods operates a growing portfolio of food brands including EatFit, CakeZone, Nomad Pizza, Sharief Bhai Biryani, and Frozen Bottle. Headquartered in Bengaluru, the company runs over 500 cloud kitchens and offline outlets across 40 cities in India.
Curefoods reported a 53% revenue increase in FY24 and managed to halve its net losses compared to the previous fiscal year. The acquisition comes at a time when India’s cloud kitchen market is booming, having grown at a CAGR of 30–40% between 2019 and 2024, with forecasts projecting a 35% CAGR over the next four years, according to the National Restaurant Association of India.
Krispy Kreme, headquartered in the U.S., currently operates in 40 countries through a mix of doughnut shops, retail partnerships, and digital channels.
With this strategic move, Curefoods strengthens its position as a major force in India’s food services landscape while furthering the reach of one of the world’s most beloved doughnut brands.