Cure.fit raises $120 mn in fresh round of funding

Health and fitness start-up Cure.fit on Tuesday said it has raised USD 120 million (approx Rs 832 crore) in a fresh round of equity and debt funding from existing and new investors. Led by existing investors Chiratae Ventures (formerly IDG Ventures), Accel Partners, Kalaari Capital & Oaktree Capital, new investors Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank joined the fourth round of funding for the three-year-old startup, Cure.fit said in a statement.

The company said the fresh investment will fund Cure.fit's expansion plans in India and globally. Founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, Cure.fit offers four flagship products - Cult. Fit, Eat. Fit, Mind. Fit and Care.fit.

Cure.fit at present has over 180 cults.fit centres, 35 mind.fit centres and aims to grow this to over 800 centres by 2020. Eat.fit is servicing over 35K meals/day now and doubling every 3 months.