Health-tech startup Cure.Fit raises USD 25M for Series B
Founders: Mukesh Bansal and Ankit Nagori
Founded in: 2016
Financing status: USD 25 million for Series B round in 2017
Bangalore-based health and fitness startup Cure.Fit has raised USD 25 million for Series B funding round from existing investors Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California. The founders of the startup also invested in this round.
Cure.Fit was founded in 2016 by Mukesh Bansal and Ankit Nagori. Mukesh Bansal previously worked for Flipkart’s e-commerce platform and also co-founded Myntra, a fashion and lifestyle e-commerce startup. Ankit Nagori worked as chief business officer for Flipkart.
App-based Cure.Fit helps users in developing healthy habits through online and offline experiences across its fitness, nutrition and mental wellness services. The offerings are currently available in Bangalore via three entities — Eat.fit, Cult.fit and Mind.fit. Eat.fit provides users subscription-based access to fresh, healthy meals. Currently, the meals are available only in select areas in Bangalore. Cult.fit offers workout solutions for its users. The users can book workout sessions, buy membership packs for the Cult centers or watch do-it-yourself workout videos for home exercise. With Mind.fit, users can relieve stress by listening to meditation content.
The startup will use the newly raised investment to strengthen its technology platform, set up shop in Gurgaon and, in 2018, expand to two other cities.
(Top photo from Pixabay)