India’s fitness and wellness tech startup CureFit expands to Dubai

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CureFit, a Bengaluru-based fitness and wellness tech startup has reached to Dubai as a plan for global expansion, cited Inc42.

The overseas development comes at a time when CureFit is, reportedly, in talks with Softbank for a major funding round.

CureFit was founded in 2016 by Mukesh Bansal, who sold Myntra for over $300 million to Flipkart in 2014.

The company started with fitness chain Cult.Fit and then also expanded into food delivery platform Eat.Fit, diagnostic services unit Care.Fit and wellness unit Mind.Fit.

The Japanese investment firm is reportedly in talks to invest between $200 million and $350 million in the startup.

Currently, the company claims to have over 180 Cult physical fitness centres and around 31-35 Mind.Fit centres spread across six Indian cities including Mumbai, Chennai, Jaipur, Bengaluru, Delhi NCR, and Hyderabad.

The company is aimed at expanding its geographical presence to 50 Indian cities with 800 centres by 2020.

While, so far Curefit has raised about $245 million over multiple rounds from investors such as IDG Ventures, Chiratae Ventures, Accel Partners, Bollywood actor Hrithik Roshan, Piramal Group’s Anand Piramal and Kalaari Capital.

Furthermore, some front players in the fitness and healthcare startup category includes Diet ClinicFitFleaFitPassMobieFit TechnologiesPlaynLive, SquatsZyego, and others.

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