Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 30 2018

Cure.fit raises $120 mn in IDG Ventures led Series-C round

Curefit was founded in 2016 by Myntra co-founder Mukesh Bansal and senior Flipkart executive Ankit Nagori.

Health and fitness start-up Cure.fit has raised $120 million in its series C round of funding led by IDG Ventures, Accel Partners and Kalaari Capital with participation from Chiratae Ventures and Oaktree Capital. The round saw participation from Accel's Growth fund and the new funds of Chiratae. Existing investor UC-RNT did not participate.

This brings the two year old company's total funding to nearly $170 million. The company will use the fresh funds to strengthen its technology platform by offering AI- driven health planning, create its own fitness devices, and will also look to expand to newer markets, such as in South wast Asia in 12-15 months.

Curefit offers four fitness and health produces – gyms under Cult.Fit, health food under Eat.Fit, yoga and meditation centres under Mind.Fit and primary care with Care.fit. Co-founder Mukesh Bansal said the company will set up its own Eat.fit stores in Bengaluru in the next six months.

Curefit was founded in 2016 by Myntra co-founder Mukesh Bansal and senior Flipkart executive Ankit Nagori.

Cure.fit has over 75 CULT and Mind centers and aims to grow this to over 500 centers in the next 3 years. Eat.fit is servicing over 10K meals every day anddoubling every three months. , "Health is over $100 billion category in India and is ready for new tech driven approach for much better consumer experience. With very high health awareness and rapid technology adoption among consumers, Cure.fit has a unique opportunity to become the go to destination for all health needs for India," Bansal said.

"With NPS of 65, we are among the highest rated consumer offerings in India. We have cracked the model to scale profitably with our robust unit economics," Nagori said.

Comment
image
Related opportunities
  • Computer Hardware & IT
    About Us: Relops Services Pvt. Ltd. - Start a business in..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
  • About Us: DLM WAREHOUSES “Construction & Leasing" Warehouse Leasing : Passiv..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Other Vocational Training
    About Us: Established in 2007, Patsav is India's Award Winning Top..
    Locations looking for expansion Telangana
    Establishment year 2007
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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