Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 27 2018

CureFit announces To Start 15 Fitness Centres In Hyderabad

The company plans to start at least 500 fitness centres by 2020 and over 200 by next year-end, supported by $120 million funds raised recently.

Health and Fitness start-up, CureFit is planning to start 15 Cult fitness centres in Hyderabad by the end of this year. After IKEA, CureFit also sees a massive opportunity in the Hyderabad market. Mukesh Bansal, Co-founder, CureFit, said “Hyderabad will be a huge market for us. The city has a potential for 100 centres in the long term.”

CureFit is also eyeing to expand in various cities in India within the next few years. Addressing the media with brand ambassador Hrithik Roshan, Bansal said that the company will focus on Jaipur, Chennai and Mumbai and intends to open 500 Cult fitness centres across the country by 2021. In total, the company has 100,000 customers in the country and has raised $120 million.

“There are three broad buckets of investments. One is the technology platform where AI-based products and health fitness devices will be developed. We want to have a strong offline footprint across fitness, food, and mental health. The third is brand building,” stated Bansal. 

As regards to future expansion plans, Bansal commented, “We want to be a global company eventually when the time is right after sufficient penetration in India.”

Comment
image
Related opportunities
  • Frontier Biscuits - a very renowned name in Bakery sector..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 1995
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater West Delhi New Delhi
  • Others Entertainment & Leisure
    About Us: Started in 2017, IronHood fitness is a premium gym..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Laundry & Dry Cleaning
    About Us: ChemDry –It’s an international brand for providing Cleaner &..
    Locations looking for expansion Delhi
    Establishment year 1979
    Franchising Launch Date 1982
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Health Care & Fitness
    About Us: Tecfit20, a venture of emtstecfit20 pvt ltd, is the..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
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