Curefit, a healthcare startup founded by Mukesh Bansal and Ankit Nagori last year, has acquired Bangalore-based yoga brand a1000yoga. With this, the startup marks its third acquisition. Earlier, the company had acquired Kristys Kitchen and Tribe Fitness Centers.
Post-acquisition, a1000yoga centres will be re-launched to incorporate the expansive offerings in the Cult.fit portfolio. Along with this, a1000yoga clients will get access to CULT’s workout offerings –Zumba, Strength and Conditioning, Yoga.
Commenting on the acquisition, Ankit Nagori, founder, Cure.fit said,
We are excited to announce the acquisition of a1000yoga. Yoga is rising as one of the favored wellness choices amongst our key target group. This once thought traditional practice is now being embraced quickly as a contemporary form of wellness. a1000yoga’s depth of Yoga offerings and quality trainers will accentuate CULT’s offerings.
Pradeep Sattwmaya, founder of a1000yoga said,
In the last 6 years, a1000yoga has built a reputation for itself in Bangalore thorough the professional and highly effective yoga service that we have provided. We are very happy to now partner with Cure.fit and take these quality offerings across India.
Curefit was founded in the year 2016, and is establishing as a holistic integrated healthcare platform that combines mind and body wellness in three critical dimensions – Eat.fit, Mind.fit and Cult.fit.
Eat.fit is a subscription-based food delivery vertical while Cult.fit is a membership-oriented workout vertical. With Mind.fit, it offers an app-based mental wellness programme that hosts expert driven stress prevention techniques.
Mukesh Bansal and Ankit Nagori founded Curefit last year, after leaving their executive-level job at online retailer Flipkart. Mukesh Bansal was the head of commerce platform at Flipkart, which he joined after Flipkart acquired his online fashion store Myntra. On the other hand, Ankit Nagori was working as a Chief Business Officer at Flipkart.
The startup has so far raised ₹117 crore ($18 million) in two funding rounds from Accel Partners, IDG Ventures, Kalaari Capital, RNT Capital, among others. It raised ₹97 crores ($15 million) in July last year and has raised ₹20 crores ($3 million) in May this year.