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Curefit collects $145 million in funding headed by Zomato

Curefit Healthcare Pvt. Ltd., which runs the fitness platform Cultfit, has secured $145 million in a round headed by Zomato Ltd., a food delivery company. 

According to regulatory filings sourced from business intelligence platform Tofler, Accel, South Park Commons, Singapore-based investment company Temasek Holdings Ltd, a few individuals, and Curefit’s cofounder, Mukesh Bansal, all participated in the fundraising. Zomato invested $100 million as part of a $1 billion investment strategy in startups. Bansal, who previously launched the online fashion shop Myntra, put $5 million into the venture. 

Curefit’s market capitalization has risen to $1.5 billion from $800 million in March 2020.

Bansal and Ankit Nagori, a senior Flipkart executive who runs Curefoods, a cloud kitchen startup, established Curefit in 2016. 

Curefit Healthcare is a holding company that manages multiple subsidiaries to provide a variety of fitness and health services. Sugar.Fit, a diabetic management and reversal platform, was planned to raise $10 million in a seed round led by Curefit in September, and it owns nearly 74% of it. The organization has grown to include online and offline fitness programmes and doctor consultations, lab tests, and fitness equipment.

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BRL Editor
BRL Editor
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.