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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 Editorhttps://businessreviewlive.com
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.