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[Portfolio News] Curefoods and Maverix merge to form cloud kitchen giant

Posted on 27 January, 2022


Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors.


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Below is an excerpt from the post that first appeared on YourStory on 27 January 2022:


Cloud kitchen company Curefoods has announced a merger with Maverix, a Mumbai-based food tech player which has raised funds in the past from the likes of Accel Partners, Zephyr Peacock, and Swiggy.

The merger would allow Maverix to accelerate its manufacturing capabilities and market presence.

Following the merger with Maverix, which operates over 50 outlets across Delhi, Mumbai, and Bengaluru, Curefoods has become the second-largest cloud kitchen player in India in terms of footprint, with the largest manufacturing capability in the fresh food space, according to a statement.

 

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Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds

Since its inception in 1994, Zephyr has sponsored and/or managed 26 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management

Emerging Markets Focus

The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.

Investment activities are currently focused on India, Sri Lanka and Africa.

Zephyr Peacock India

Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.

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Emerald Sri Lanka Fund

Emerald Fund provides equity financing for fast growing, small to medium sized (SME) Sri Lankan companies led by strong entrepreneurs & management teams.

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Zephyr Acorn provides equity

Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa.

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Active Portfolio Support

The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.

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