IFS Maven Equity Finance invests in Praveen Kumar

Founded in 2019 by Praveen and Swarna Kumar, who moved from Southern India to Scotland, Praveen Kumar has quickly established itself as a leading provider of premium Indian ready meals in the UK. Drawing on their restaurant experience and heritage, the couple launched their frozen curry range, now available in major retailers like ASDA and through their online platform, Kumar’s Curry Club.

Kumar’s Curry Club allows customers to order high-quality, authentic Indian meals either as one-off purchases or through a monthly subscription service. With dishes prepared using British meat and spices from the Kumar family farm in India, the meals offer restaurant-quality dining at home.

Since it was established, Praveen Kumar has achieved impressive growth, driven by strong customer demand and strategic retail partnerships. The IFS investment will support the continued expansion of Praveen Kumar’s retail presence and the growth of its online Curry Club, fuelling the company’s next phase as it scales operations and strengthens its market presence across the UK.

“The business has achieved impressive growth to date, and Praveen is an entrepreneurial CEO with a wealth of experience in the restaurant and hospitality sector. With consumers increasingly turning to ready meals as a substitute for traditional takeaway options we’re delighted to back the company to drive the growth of its premium product and support Praveen and his team as the business scales.”

Rob Stevenson, Investment Manager at Maven

"It has been a pleasure working with team at Maven and I am very grateful for all their support. The funding will help fuel our ongoing business growth via our online curry club and growing retail partners across the country, supporting our ongoing mission to make our authentic, healthy dishes available to everyone across the UK.”

Praveen Kumar, CEO and Co-Founder

“Scotland is home to a burgeoning food and drink sector and it is great to see Praveen and Swarna’s growing brand now available in the frozen aisles in supermarkets across the country. The Investment Fund for Scotland was established to help entrepreneurs in all sectors access the funding they require to develop and thrive, whoever they are and wherever they are based.”

Sarah Newbould, Senior Investment Manager at the British Business Bank

This transaction marks the fourth investment made by IFS Maven Equity Finance. The Fund has also backed 3D printed micro-tumour specialist, Carcinotech, MedTech company, Calcivis and Glasgow University spinout, Nami Surgical.

IFS - Maven Equity Finance can provide investment of up to £5 million to support ambitious earlier and later stage businesses across Scotland. If your business, or the business you advise, is looking for an equity investment as a solution to fund future growth, get in touch here >.