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