Monday, June 27, 2022
HomeHealth & FitnessFitness startup Curefit adds Rs 4.2 crore in cart, Retail News, ET...

Fitness startup Curefit adds Rs 4.2 crore in cart, Retail News, ET Retail

Fitness startup Curefit adds Rs 4.2 crore in cart BENGALURU: Health and fitness platform Curefit, founded by Myntra cofounder Mukesh Bansal and former Flipkart executive Ankit Nagori, has added a couple of new backers.

It secured Rs 4.18 crore in a funding round with participation from Flipkart cofounder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan, according to data-intelligence platform

The Bengaluru-based company, which is less than two years old, is one of the most funded early-stage startups with $45 million of equity financing across rounds from several marquee investors, including Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT Fund. Curefit also recently raised about $10 million in debt financing, of which a significant portion came from HDFC Bank and Axis Bank.

The company also counts Flipkart CEO Kalyan Krishnamurthy as one of its angel investors due to an investment made last month, according to data provided by Venture Intelligence.

With a bunch of acquisitions since its inception, Curefit is a multi-category health platform. It has a bunch of flagship health and lifestyle products, including Cult fitness centres acquired in 2016, kitchens for healthy food, and centres for mental health.

ET had reported earlier that Curefit, which has largely focused on Bengaluru, is now all set to expand its footprint in top six-eight cities.

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