wordpress blog stats
Connect with us

Hi, what are you looking for?

Cure.fit acquires mental wellness startup Seraniti

Health startup Cure.fit has acquired Bangalore-based mental wellness startup Seraniti for an undisclosed amount, and absorbed its operations under Mind.fit, Cure.fit’s mental wellness vertical. Mind.fit has onboarded Seraniti’s team of 15 therapists and 8,000 customers, as per the Economic Times.

Seraniti offered counselling, therapy and psychiatrist services in Bangalore and Pune. It was established in 2016 (the same year as Cure.fit) by “Cure.fit’s mental wellness expert” Dr Shyam Bhat. Seraniti’s clinics in Bangalore and Pune will now be rebranded as Mind.fit. Seraniti’s website pages redirect to a post about the Mind.fit acquisition. Although the Seraniti website says its customers can access its services in 8 Mind.fit centres in Bangalore, it does not mention anything about its Pune customers.

Cure.fit had invested in the company in 2016, per ET. Without disclosing the deal size, Cure.fit co-founder Ankit Nagori told the publication that the company had paid the angel investors of Seraniti.

Mind.fit offers yoga, meditation and group therapy sessions at physical centers and DIY video sessions. In July 2017, it had acquired another Bangalore based yoga center brand ‘a1000yoga’, and rebranded two of a1000yoga’s three centers as Mind.fit centers. It launched as a standalone product/vertical under Cure.fit a month later in August, which also included the rebranded physical centers. Until then, Cure.fit featured mental health and wellness content. Now, Mind.fit claims to have over 11,000 members, with 70 centers operational across India.

Cure.fit is 2-year old health startup which has four major verticals — Cult.fit for fitness, Mind.fit for mental wellness, Eat.fit offers health food, and finally Care.fit offers video consultations with doctors.

Advertisement. Scroll to continue reading.

In September, the company said that it would launch quick service restaurants in Bangalore.

Previous acquisitions

CureFit has been acquiring and investing in health–related services:

  • In May, it acquired fitness chain Fitness First for an undisclosed amount to expand its presence in Delhi and enter Mumbai.
  • Curefit also acquired a majority stake in Tribe Fitness Club, Gyms, which operated fitness studios along with specialized fitness programs.
  • In 2016, the company also invested $3 million into fitness company Cult for a majority stake.
  • It also acquired food delivery startup Kristy Kitchens.

Cure.fit’s funding

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ