Curefoods, an India-based cloud kitchen operator has announced the acquisition of foodtech startup Yumlane and its proprietory pizza technology for an undisclosed amount.
The acquisition follows several successful collaborative efforts between Curefoods and Yumlane past 2 years.
In 2021, Curefoods took Yumlane Pizza cloud kitchen franchisee rights for the South India market followed by a 10% stake in the Company in 2022.
Commenting on the acquisition, Gokul Kandhi, Chief Business Officer of CureFoods, said, “Yumlane‘s novel and industry-first approach to crafting pizza using their proprietary technology has enabled them to consistently deliver high-quality products. Their extensive B2B client network and their positioning as a value leader in the pizza category align strategically with our brand portfolio. we are excited to harness Yumlane’s potential as we work toward enhancing the pizza category as a whole.”
“We have had a great partnership with Curefoods for partners past 2 years and it is very gratifying to have them see value in what we have built to accelerate their vision for the Pizza category. We are certain that with their deep operational and marketing expertise and ability to scale food brands, Curefoods will be able to grow this manifold and wish them all the success in building Yumlane into a pizza juggernaut,” Hitesh Ahuja, Founder and CEO of Yumlane further added.