Latest news with #IronPillar
Entrepreneur
3 days ago
- Business
- Entrepreneur
Curefoods India Files DRHP with SEBI for INR 8,000 Mn IPO
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Curefoods India Limited, a fast-growing digital-first multi-brand food services company, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a significant step toward launching its Initial Public Offering (IPO). The proposed IPO consists of a fresh issue of equity shares aggregating up to INR 8,000 million, along with an offer for sale (OFS) of up to 48,537,599 equity shares by existing shareholders. The selling shareholders include Iron Pillar PCC, Crimson Winter Limited, Accel India V (Mauritius) Limited, Chiratae Ventures, Global Ecommerce Consolidation Fund, Curefit Healthcare Private Limited, and others. Curefoods plans to use the net proceeds of INR 152.54 crore from the fresh issue primarily for business expansion. The fund allocation includes INR 126.32 crore for launching new Krispy Kreme cloud kitchens, restaurants, kiosks, and central kitchens; INR 19.91 crore for expanding select existing cloud kitchens with new brands; and INR 6.31 crore for machinery and strategic initiatives. Founded with a vision to reshape the food services landscape in India, Curefoods has rapidly scaled its operations. As of March 31, 2025, the company operated across 502 service locations in over 70 cities, comprising 281 cloud kitchens, 122 restaurants, 99 kiosks, and five central kitchens. Its supply chain backbone includes 13 strategically located warehouses that ensure efficient logistics and timely deliveries. Its prominent brands include EatFit, CakeZone, Nomad Pizza, Sharief Bhai Biryani, Olio Pizza, Frozen Bottle, Millet Express, and the iconic Krispy Kreme. These brands serve a variety of customer needs—from healthy meals to indulgent desserts—across different price points and meal occasions. In FY25, Curefoods operated 10 key brands, each generating over INR 240 million in revenue. The contribution of these brands to the company's revenue increased from 95.32% in FY23 to 98.35% in FY25. Operationally, the company handled 18.23 million orders in FY25, up from 11.38 million in FY23. Curefoods also made its international debut in 2024, launching its flagship brand Sharief Bhai in the United Arab Emirates, signaling its ambitions beyond the domestic market. The IPO will be managed by JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited as the Book Running Lead Managers. With a strong digital foundation, robust delivery network, and rapidly expanding footprint, Curefoods' upcoming IPO is expected to draw significant interest from investors eyeing India's dynamic and tech-enabled food services market.
NDTV
20-05-2025
- Science
- NDTV
Why Qutub Minar's 1,600-Year-Old Iron Pillar Is Still Rust-Free? Scientists Explain
An iron pillar placed in the UNESCO-listed Qutub Minar complex in New Delhi has long fascinated scientists for surviving over 1,600 years without rust. Standing tall at 7.2 metres and weighing six tonnes, the iron pillar predates the complex it resides. Despite its long history, the iron pillar with inscriptions dedicated to Chandragupta Vikramaditya of the Gupta Empire, as per the Archaeological Survey of India, has remained in pristine condition. Usually, iron and iron alloy structures exposed to moisture oxidise over time, leading to a coating of rust, unless they are protected by layers of special paint. So why does the iron pillar not rust? Scientists in India and abroad started investigating the mystery in 1912. Murray Thompson from Roorkee Engineering College and Percy from the School of Mines conducted chemical analysis of the structure and established that it was wrought iron of specific gravity 7.66. However, it wasn't until 2003 that a study by researchers at the Indian Institute of Technology (IIT)-Kanpur figured out the real engineering secret behind the structure. The study findings revealed that the pillar is primarily made of wrought iron, having a high phosphorus content (approximately one per cent). Additionally, a thin layer of "misawite", a compound of iron, oxygen and hydrogen, was also found on the pillar's surface. "In summary, the microstructural and compositional inhomogeneities of the Delhi pillar iron do not have any influence on the protective passive film that forms on the surface. The deciding factor this is imparting the excellent corrosion resistance is the high phosphorus content of the Delhi pillar iron," the study highlighted. The Iron Pillar in Qutub Minar Complex, Delhi has stood the test of time without rusting for over 1600 years. It is an incredible example of ancient India's advanced metallurgy techniques which is still wondered worldwide. (1/3) — Archaeological Survey of India (@ASIGoI) September 14, 2024 Unlike modern irons, the structure lacks sulfur and magnesium, with ancient craftsmen using a technique called 'forge-welding" to construct the iron pillar. In this technique, the iron is heated and hammered, which keeps the high phosphorus content intact -- a method relatively unseen in modern practices. Archeo-metallurgist R Balasubramaniam, who authored the report, added that this unconventional approach contributed to the pillar's strength which has endured for centuries.
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Business Standard
07-05-2025
- Business
- Business Standard
Flipspaces raises $35 million from investors to expand its business
Startup Flipspaces, which provides design and building solutions for commercial spaces, has raised $35 million (around Rs 297 crore) from investors to expand its business. In a statement on Wednesday, the company said it has "raised $35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital." This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories. Flipspaces provides a fully integrated, tech-first design and building solution focused on SMB (Small and Medium Business) spaces, which accounts for approximately 60 per cent of the total interior design and build market for commercial spaces. "We are building a technology-led brand aimed at transforming the customer experience in commercial design and build, globally. Our conviction lies in scaling with both speed and sustainability driven by a replicable, tech-powered delivery model that balances growth with profitability," said Kunal Sharma, Founder and CEO of Flipspaces. Flipspaces has achieved over 65 per cent CAGR in last 4 years while maintaining profitable execution delivering over 8 million square feet of commercial spaces for 1000+ brands across India and the US. The round also saw Carpediem, who are the early stage investors in Flipspaces, make an exit.
Economic Times
07-05-2025
- Business
- Economic Times
Interior design startup Flipspaces raises $35 million from investors to expand business
Startup Flipspaces, which provides design and building solutions for commercial spaces, has raised $35 million (around Rs 297 crore) from investors to expand its business. In a statement on Wednesday, the company said it has "raised $35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital." ADVERTISEMENT This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories. Flipspaces provides a fully integrated, tech-first design and building solution focused on SMB (Small and Medium Business) spaces, which accounts for approximately 60% of the total interior design and build market for commercial spaces. "We are building a technology-led brand aimed at transforming the customer experience in commercial design and build, globally. Our conviction lies in scaling with both speed and sustainability driven by a replicable, tech-powered delivery model that balances growth with profitability," said Kunal Sharma, Founder and CEO of Flipspaces. Flipspaces has achieved over 65% CAGR in last 4 years while maintaining profitable execution - delivering over 8 million square feet of commercial spaces for 1000+ brands across India and the US. The round also saw Carpediem, who are the early stage investors in Flipspaces, make an exit.
Time of India
07-05-2025
- Business
- Time of India
Interior design startup Flipspaces raises $35 million from investors to expand business
This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories. Flipspaces provides a fully integrated, tech-first design and building solution focused on SMB (Small and Medium Business) spaces, which accounts for approximately 60% of the total interior design and build market for commercial spaces. Tired of too many ads? Remove Ads Startup Flipspaces , which provides design and building solutions for commercial spaces, has raised $35 million (around Rs 297 crore) from investors to expand its business. In a statement on Wednesday, the company said it has "raised $35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital."This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent provides a fully integrated, tech-first design and building solution focused on SMB (Small and Medium Business) spaces, which accounts for approximately 60% of the total interior design and build market for commercial spaces."We are building a technology-led brand aimed at transforming the customer experience in commercial design and build, globally. Our conviction lies in scaling with both speed and sustainability driven by a replicable, tech-powered delivery model that balances growth with profitability," said Kunal Sharma, Founder and CEO of has achieved over 65% CAGR in last 4 years while maintaining profitable execution - delivering over 8 million square feet of commercial spaces for 1000+ brands across India and the round also saw Carpediem, who are the early stage investors in Flipspaces, make an exit.
