Court restricts CureFoods from selling movable assets
Rent was payable from May 1 after the landlord undertook remodelling work to the company’s specifications.
It, however, clarified that food sales remain unaffected.
“We are not stopping our food sales,” the company’s spokesperson said.“Ease of doing business requires that contracts are honoured.
Earlier this year, the startup had raised around Rs 832 crore in a funding round led by Temasek, the Singapore government-backed investment company.Curefit is not alone.
Several companies including Oyo Uber among others have reached out to builders to renegotiate pan-India rental agreements, renewal clauses, rent escalations etc.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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