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Jun, 26 2019

Curefit raises $120 million in Series D funding round

The fresh capital will be used by CureFit to expand in the domestic market as well as globally.

Health and fitness startup CureFit has raised $120 million in its Series D round of equity and debt funding.

The funding round has been led by existing investors Chiratae Ventures (formerly IDG Ventures India), Accel, Kalaari Capital and Oaktree Capital. The round has also seen participation from new investors including Unilever Ventures, Epiq Capital, Innoven Capital and Kotak Mahindra Bank.

The fresh capital will be used by CureFit to expand in the domestic market as well as globally. Currently, it has a presence in Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai and Jaipur. 

Mukesh Bansal, CEO and Co-Founder, CureFit, said, "Health habits of consumers have changed over the past few years and the need for the new tech-driven approach is needed for a better consumer experience.cure.fit has created a unique platform and category to help meet this demand. Leveraging deep tech and strong on-ground network, we aspire to service over 100 million consumers over the next 10 years."

Sudhir Sethi, Founder and Chairman of Chiratae Ventures, added, "Cure.fit has emerged as a dominant player in the fitness and health Tech Player. Now with the Dubai operations, it’s well poised to take the unique offering to international markets."

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