Insta
Led By Accel, Bengaluru-Based Fitness Startup CureFit Raises $75 Million At Over $500 Million Valuation
Swarajya Staff
May 07, 2019, 12:02 PM | Updated 12:02 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.
Under the Cult.Fit brand the company operates a slew of gyms, healthy food offerings under Eat.Fit, mental wellness through Mind.Fit and diagnostic centres through Care.fit.
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.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.