Healthcare and wellness startup CureFit has raised $25 million in a fresh round of funding from existing investors Accel Partners; Kalaari Capital; IDG Ventures; a joint investment vehicle of the University of California, UC-RNT fund and Ratan Tata's RNT Associates.

According to the ET, the new round is expected to go up to $35-40 million in the next six months. Further reports state that CureFit founders, who had earlier pooled $5 million into the company, also pumped in more money in this round.

As per the founders, the startup will utilize freshly infuse fund to expand Cult centers to other cities, starting with Gurgaon in October, and will also look to add a new product around medical check-ups and primary healthcare under the Care.fit brand by early 2018.

Founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, CureFit is a platform to power healthy lifestyle and holistic cure across fitness, food, and mental well-being. It guides users in developing healthy habits and enables easy fulfillment of all health needs by removing any and every friction in the process.  CureFit operates in both online-offline model of fitness centers in Bengaluru which is called Cult.

Talking about its funding, in 2016, the startup had raised $15 million in one of the largest early-stage rounds in the Indian startup ecosystem.

Apart from the four venture capital funds, the startup had also earlier raised money from Gokul Rajaram of US-based payments firm Square, Dropbox’s Aditya Agarwal, and Shishir Mehrotra, former YouTube executive.

In July 2017, CureFit had announced the acquisition of Bangalore’s leading yoga brand – a1000yoga. This acquisition consolidates CureFit’s offering in the fitness segment and is a leap towards establishing their existing brand CultFit as the largest, one-of-its-kind holistic fitness training facility in Bangalore by the end of this year.

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