CureFit, a health and fitness start-up has raised $25 milion in Series B round of funding from existing investors- Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund which is a joint investment vehicle of the University of California and Ratan Tata’s RNT Associates.
The money that was raised will be used to expand the company’s business and its geographical footprint.
According to a source, Vani Kola, Managing Director at Kalaari Capital said, “CureFit has built a very strong team in the last one year and delivered a significantly differentiated value proposition for Cult.fit and eat.fit. CureFit has established a strong product-market fit and is ready to start scaling the business across other health offerings and cities across India.”
In 2016, the company has raised $15 milion from three investors- Kalaari Capital, Accel Partners, IDG Ventures. In May 2017, CureFit secures $3 million of funding from Ratan Tata-backed fund and Silicon Valley angels.
Mukesh Bansal, Founder of CureFit said that the company aims to transform the health space in India and build a truly customer-centric health platform.
“We are building an integrated platform that makes it super easy for consumers to follow healthy lifestyle across fitness, food, mental health and preventive care. We have got a phenomenal response to CULT, Eat.Fit & Mind.Fit within the first year of operations,” he added.
CureFit plans to extend its business by launching a Cult with five centres in October, and also plans to increase its centres in Bengaluru from 15 to over 30 by the end of 2017.
This Bengaluru-based company was founded in March 2016 by Mukesh Bansal and Ankit Nagori. CureFit offers integrated health and fitness solutions like Cult.Fit, Eat.Fit and Mind.Fit through a combination of online and offline channels.
