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Led By Accel, Bengaluru-Based Fitness Startup CureFit Raises $75 Million At Over $500 Million Valuation
Cult.fit gym in Bengaluru. (Website/Justdial)
In the latest series D funding round led by exsisting investor Accel Growth, Bengaluru-based health and fitness startup CureFit has raised $75 million at over $500 million valuation, reports Mint.
In the latest round, other existing investors Kalaari Capital and IDG Ventures India invested alongside a slew of new investors - Anand Piramal Trust and Pratithi Investment Trust.
Founded by Mukesh Bansal and Ankit Nagori (ex-CBO, Flipkart) in 2017, CureFit functions as a platform to power a healthy lifestyle and holistic cure across fitness, food and mental well-being.
While Bansal had earlier co-founded the online fashion retailer Myntra which was later sold to Flipkart, Nagori was ex-Flipkart Chief Business Officer (CBO) before starting CureFit.
As part of its expansion strategy, the startup has lined up a slew of new initiatives including e-commerce, where apparel, footwear line and packaged food will be sold under the CureFit and EatFit brand.
There are also plans to launch health clinics and expand overseas besides entering another 10 Indian cities with its food and fitness centres.
CureFit also recently launched an incubator programme for startups which are working on creating healthy snacks and beverages.
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