Fri. Mar 29th, 2024

In line with our previous report, healthcare and fitness startup Curefit has today announced that it has secured about ₹160 crore ($25 million) in a fresh funding round.

The funding amount comes from the company’s existing investors — Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund. While it has raised ₹160 crore ($25 million), the round is expected to be worth around $35-40 million. Further funding is expected to comes in coming months.

Earlier this month, Curefit had raised approximately ₹2.2 crore from Trifecta Capital and Pratithi Investment Trust — the family office of Kris Gopalakrishnan. Previously, it managed to raise ₹97 crores ($15 million) in July last year, followed by ₹20 crores ($3 million) in May this year.

The newly raised funding will help the company to to enter new markets, as well as to launch new health-related services. As the company earlier said, most money will be spent for Cult Fitness Centres.

The company, which is presently operating only in Bangalore, is gearing up to enter Gurgaon next quarter and expand its food delivery network. It is also on a path to introduce new health-related services, which as per the reports, will complement its fitness and food offerings.

Curefit’s new upcoming products will be for medical checkups and primary healthcare under the Care.fit brand. The products are expected to hit the stores by early 2018.

The startup was launched by Mukesh Bansal and Ankit Nagori, former executives at Flipkart. Even since the foundation, they have been aggressively expanding the business.

Founded last year, the company has already raised a huge amount of funding from various investors, and has acquired 3 startups so far — Tribe Fitness Club, Kristys Kitchen, and a1000yoga.

By Jeet