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Health startup cure.fit raises $120mn in fresh funding

"Leveraging deep tech and strong on-ground network, we aspire to service over 100 million consumers over next 10 years," said Bansal.

Health startup cure.fit raises $120mn in fresh funding

NEW DELHI: Health and fitness start-up cure.fit on Tuesday announced it has raised $120 million in series D round of funding.

Founded in 2016 by Mukesh Bansal and Ankit Nagori, cure.fit has built an integrated health platform. With over two million downloads, cure.fit has also built an offline fulfilment network for all its services.

“Leveraging deep tech and strong on-ground network, we aspire to service over 100 million consumers over next 10 years,” said Bansal.

With presence in Bengaluru, Mumbai, Delhi-NCR region, Hyderabad, Chennai, Jaipur and Dubai, cure.fit’s innovative and holistic approach has been adopted by over 500,000 active subscribers.

Cure.fit has over 180 cult.fit centres, 35 mind.fit centres and aims to grow this to over 800 centres by 2020, the company said in a statement.

Led by Chiratae Ventures (formerly IDG Ventures), Accel Partners, Kalaari Capital & Oaktree Capital, the new investors Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank joined the 4th round of funding.

“cure.fit, in its last three years, blazed to India’s dominant fitness and health tech player. Now with the Dubai operations, it’s well poised to take the unique offering to international markets,” said Sudhir Sethi, Founder and Chairman of Chiratae Ventures.

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