Healthcare startup CureFit, founded by ex-Flipkart executives Mukesh Bansal and Ankit Nagori has acquired a majority stake in Tribe Fitness Club, reports ET. The financials behind the deal were not disclosed. A spokesperson for CureFit confirmed the acquisition with MediaNama. Bangalore-based Tribe Fitness operators Gyms, and fitness studios along with specialized fitness programs like cross fit training, Yoga, Zumba, among others. The company commenced operations in June 2016 and was founded by Shwetambari Shetty. Note that this is CureFit’s second acquisition: In August last year, it invested $3 million into fitness company Cult for a majority stake. At that time, Cult said it would run independently and use the funds for expanding and improving its technology. Two months before the Cult funding, CureFit raised $15 million from Accel Partners, IDG Ventures, and Kalaari Capital. However, while Cult launched commercial operations a while back, CureFit is yet to launch a consumer facing product or service. At the time of funding, the company said that it will offer “coaching and delivery through a mix of online and offline channels” with a full launch by 2017. However, the ET report mentions that CureFit will launch commercially by end of 2017 with 20 centers in Bangalore. According to the report, the company also claims to have incorporated four different units under it, which includes CureFit Logistics, New World Inventions, CureFit Healthcare and Curefoods. Nagori was quoted in the report stating that the company “will continue to look out for partners and businesses who share our values and…
- RTI: Where’s the data on Kisan Drone Yatra? March 27, 2023
- Summary: All you need to know about social media user complaints in January 2023 March 27, 2023
- YouTube pulls the plug on its live commerce venture simsim: Here’s what to know March 27, 2023
- IT Ministry Additional Secretary Given Approval Powers for “Protected Systems” Notifications March 27, 2023
- Video: Exploring User Verification, 23rd Mar, 2023, Delhi #Ad March 27, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...