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Curefit raises $120M led by IDG Ventures, Accel Partners and Kalaari Capital

Healthcare startup CureFit has raised Series C funding of $120 million led by IDG Ventures, Accel Partners and Kalaari Capital with participation from Chiratae Ventures and Oaktree Capital. Bangalore-based CureFit was founded by former Myntra and Flipkart executives Mukesh Bansal and Ankit Nagori in March 2016. The startup currently offers health and fitness solutions through four verticals – CareFit, CultFit, EatFit and MindFit through online and offline channels. While MindFit provides mindful yoga and meditation audios, EatFit allows users to book subscription for healthy meals delivery vertical, and CultFit is a chain of fitness centres offering group workout formats, like DIY workout videos to exercise at home. CareFit, which is a newly added vertical, allows users to consult a doctor over a video call. The company will use the fresh funds to strengthen its technology platform, brand building, and scaling up its geographical footprint. The company currently has a presence in Bangalore, Delhi-NCR region, and Hyderabad. It claims to have 100,000 active subscribers on its platform. Cure.fit has over 75 CULT and Mind centers and aims to grow this to over 500 centers in next 3 years. Previous fundings and investments Funding: This is the third major round of funding the company. In April, it has bagged Rs 4.18 crore funding from Flipkart co-founder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan. Before that, in 2017, Curefit raised $25 million from Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund, a joint venture between Ratan Tata’s RNT Associates and the University of California. In 2016, the startup had raised…

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