Curefoods Acquires Krispy Kreme Operations, Expanding Its India Presence

Curefoods has announced the acquisition of Krispy Kreme’s South and West India operations from Landmark Group, marking a strategic move to broaden its portfolio and strengthen its presence in India’s expanding foodserviceand retail sectors.

The acquisition includes approximately 50 existing Krispy Kreme outlets that were previously managed by the Landmark Group. As part of the agreement, Curefoods has entered a multi-year franchise deal with Krispy Kreme Doughnut Corporation, with plans to expand to more than 350 new outlets across India within the next five years. Additionally, Landmark Hospitality Services Limited will take a stake in Curefoods, solidifying the partnership.

“We are excited to integrate Krispy Kreme into our business. The brand’s iconic legacy and strong consumer appealalign with our vision to offer diverse, high-quality food experiences. This partnership highlights our commitment to expanding into new categories beyond our cloud kitchen model, investing in beloved brands, and strengthening our presence in India’s growing food market,” said Ankit Nagori, Founder of Curefoods.

Founded in 2020, Curefoods operates more than 500 cloud kitchens and offline stores across 40 cities in India. Their portfolio includes well-known brands like EatFit, Cakezone, Nomad Pizza, and Sharief Bhai Biryani, offering a variety of cuisines.

Krispy Kreme, famous for its Original Glazed doughnuts, operates in over 40 countries with more than 15,500 locations worldwide. The brand is recognized for its iconic doughnuts and community-oriented approach.

Established in 1973, Landmark Group is a leading retail and hospitality conglomerate with operations in the Middle East, Africa, India, and Southeast Asia, managing over 2,200 outlets and 22 homegrown brands in fashion, home, grocery, and electronics retail.

Metta Capital acted as an advisor for the transaction, highlighting its importance in the evolving food-tech and retailsectors in India.