Curefoods, an Indian food and beverage (F&B) startup, announced an agreement with the Landmark Group to acquire the operations of Krispy Kreme, the renowned doughnut brand, in the southern and western regions of India. The development was revealed in a joint press release issued on December 31.
As part of this agreement, Curefoods will oversee and operate Krispy Kreme’s business in these regions, with plans underway to expand operations to the northern and eastern parts of the country in the near future, according to Ankit Nagori, founder of Curefoods.
Currently, Krispy Kreme operates over 50 touchpoints under Curefoods’ management. The company has ambitious plans to significantly increase its footprint, targeting over 350 additional access points across India within the next five years.
The acquisition deal involves a combination of cash and equity, with Curefoods providing both financial compensation and company shares to the Landmark Group. “This partnership reflects our dedication to diversifying beyond the cloud kitchen ecosystem and investing in beloved brands to strengthen our position in India’s food market,” Nagori said.
