Bengaluru-based health and fitness startup Cure.fit has acquired mental health startup Seraniti, to boost its mental wellness business Mind.fit.
The latest acquisition will help Cure.fit, to have more than 70 centres in the vertical. Post acquisition, Cure.fit will onboard Seraniti’s team of 15 therapists, along with 8,000 customers.
While the size of the deal remains undisclosed, Ankit Nagori, Co-Founder of Cure.fit, said that the healthtech startup has paid off all the angel investors who had invested in Seraniti.
Bengaluru-based Seraniti was founded by Dr Shyam Bhat in 2016. The mental wellness startup provides a platform to integrate eastern and western psychotherapeutic techniques, with its proprietary techniques, to help individuals with their mental wellbeing.
Seraniti said on its website, “We are excited to share that Seraniti and cure.fit have decided to merge operations together to bring to you mind.fit. With mind.fit, you will now be able to get the access to all Seraniti services along with group therapy sessions, yoga and meditation across any of the 8 Mind.fit centres present in Bangalore. In addition, you can schedule your online sessions from any part of the world.”
Cure.fit invested in the mental wellness startup in 2016. With the acquisition, Seraniti will be rebranded as Mind.fit, further strengthening Cure.fit’s mental wellness business vertical.
Earlier in July 2017, Cure.fit acquired 1000yoga for an undisclosed amount. It has also acquired The Tribe Fitness Club, Kristeys Kitchen, and Fitness First India, over the past two years.
Cure.fit has four verticals, including eat.fit, to offer healthy food options, cult.fit, to offer different workout solutions, mind.fit, to offer wellness solutions like yoga and meditation, and care.fit, to offer doctor consultations and health checkups.
Other startups competing with Cure.fit in the mental fitness domain include InnerHour, YOURDost, Wysa, TrustCircle, nSmiles, among others.
Check out the list of top healthtech startups in India, across various domains.