CureFit is in talks to raise $75-million funding round led by Venture capital firms Accel Growth and Chiratae Ventures (formerly known as IDG Ventures India) CureFit is health and fitness startup Cure Fit Healthcare Pvt. Ltd. The deal may value the startup at $500 million, The Economic Times reported, citing three people in the know.
The report further added, the fundraise may be extended to a larger $125-150-million Series D round, with new investors adding more capital into the startup later in the year. CureFit will use the fresh capital to launch an e-commerce store under its CureFit and EatFit brands and also for expansion abroad and within India. It will set up health clinics, the ET report stated.
The venture was established in 2017 by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori.
Besides CureFit, the company has a number of other offerings including Cult.fit, which runs offline centres providing equipment-less workouts; Eat.fit, a subscription-based food delivery vertical; Mind.fit, a yoga and meditation service; and Care.fit, a digital platform for doctors and health checkups.
Earlier this year, it acquired Rejoov.