Cure.fit bags $120 Mn Series C round led by IDG, Accel and Kalaari
Fitness startup Cure.fit has raised $120 million in its Series C funding round led by IDG Ventures, Accel Partners, and Kalaari Capital. It also saw participation from Chiratae Ventures and Oaktree Capital.
Within a year, the Bengaluru-based startup has raised two rounds (Series B and Series C) besides several rounds mix of equity and debt.
Cure.fit, which is planning to become a full stack lifestyle cum fitness brand, will use the huge sum to strengthen its technology platform by offering AI- driven health planning, create its own fitness devices.
The company backed by Flipkart CEO Kalyan Krishnamurthy and Bollywood star Hrithik Roshan is also looking to expand into new geographies such as Southwest Asia by next year.
Founded in 2016 by former Flipkart executives Mukesh Bansal and Ankit Nagori, Cure.fit provides services such as fitness advice and medicine deliveries.
It offers four variants of fitness services – Cult.fit, an app on physical fitness; Eat.fit takes charge of healthy food; and Mind.fit gives mental wellness training, and recently launched Care.fit, a primary healthcare vertical.
Under Care.fit, it will offer healthcare solutions through its in-house physicians and will leverage big data, telemedicine, and analytics. Besides, it will also assign doctors who will prescribe lifestyle measures to keep one healthy in the long run.
The startup claims to have 75 Cult and Mind centers and aims to grow this to over 500 centers in the next 3 years. Its food vertical also seems to be growing and claims to serve 10K meals every day.
Apart from back to back fundings, Cure.fit had acquired three Bengaluru-based startups, including ‘The Tribe’, premium online food delivery startup ‘Kristys Kitchen’, while yoga chain start-up a1000yoga.
Accel, IDG Ventures, and Kalaari had infused $15 million in Cur.fit in Series A round.
The development was reported by ET.
Source: Entrackr
