Curefoods, a cloud kitchen platform founded by Ankit Nagori, has decided to delay its initial public offering (IPO) plans, which were aimed at raising ₹800 crore at a valuation of ₹4,000 crore. This decision follows unsuccessful roadshows where mutual funds did not agree to the desired valuation, reflecting the challenging market conditions for loss-making companies. The company, which operates popular brands such as EatFit and Krispy Kreme, had received approval from the Securities and Exchange Board of India (Sebi) for its draft red herring prospectus in October. Curefoods had intended to allocate ₹152 crore from the IPO for expansion and ₹127 crore to reduce debt. The postponement aligns with similar recent decisions by other companies like PhonePe and Flipkart, which have also paused their IPO plans amid market volatility and investor caution regarding profitability in the food services sector. Curefoods is now looking to potentially list next year if market conditions improve, as it does not require immediate capital infusion.