Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 05 2016

CuteFit pumps $15 million funding from Accel, IDG and Kalaari

Cutefit’s movement will be closely monitored by Practo and Portea, which are right now on the driving seat in the healthcare space. Over the past few months, many startups have ventured in the segment, but only few have managed to survive.

CuteFit, a venture of former Myntra and Flipkart executives, Mukesh Bansal and Ankit Nagori has managed to raise US $15 million funding from Accel Partners, IDG Ventures and Kalaari Capital. As per the plans of the startup, it will be launching its platform in 2017. The venture focuses on assisting its users to manage and resolve their health related issues though bunch of services available on the grid.

Curefit aims to be an innovative combination of engagement, coaching and delivery, through a mix of online and offline channels. The startup believes that both experiences seamlessly integrated will provide end-to-end proactive health management to consumers.

Its recent investors have been associated with the founders of CuteFit from quite a while and they are aiming to strike gold once again with the team. According to Subrata Mitra, Partner, Accel Partners, proactive health management is a large space, and requires the right mix of online and offline expertise to master. It’s a complex problem, and therefore needs the right entrepreneur to address. This is where the combined strength of Mukesh and Ankit would be invaluable. Mukesh is an outstanding entrepreneur and CEO. Adding Ankit provided the right balance of strategy and execution to the team.

Currently, company is looking forward to strengthen its team by hiring professionals in the field of math and DNA, science and psychology etc. Cutefit’s movement will be closely monitored by Practo and Portea, which are right now on the driving seat in the healthcare space. Over the past few months, many startups have ventured in the segment, but only few have managed to survive. From delivering medicines to discovering nearby doctor, startups have come up with many ideas, but only hand full of them have managed to hit the right nail.

It will be very interesting to see how CuteFit will plan its strategies to make the best use of the hostile market conditions.

Comment
image
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities