Cure.fit is a Health and Fitness startup based in Bangalore started in 2016 by Mukesh Bansal and Ankit Nagori (former Myntra and Flipkart Employees) is in talks with Singapore Investment company Temasek to raise $100 million for more expansion.
It started with one branch in Bangalore now expanded to 16 cities. The Health Startup is divided into four segments namely Cult.fit, Eat.fit, Mind.fit, Care.fit. Cure.fit now owns gyms under the Cult.fit brand, and offers a series of healthy food choices under Eat.fit, mental wellness programs within Mind.fit and diagnostic centers through Care.fit.
Curefit aims to introduce a mixture of engagement, coaching, and delivering, on both online and offline channels. Within one year of launch, Cure.fit had raised $15 million from Accel Partners, IDG Ventures and Kalaari Capital. So far Cure.fit has raised nearly $300 million from investors.
CureFit has invested $3 million and got a majority stake in the Bengaluru-based fitness startup Cult was founded in 2015 by corporate professional turned fitness trainer Rishabh Telang. It has also acquired fitness club The Tribe, logistics startup Opinio, food startup Kristy Kitchen, and a 1000Yoga. CureFit has also signed on Hrithik Roshan as its brand ambassador, and has tied up with ‘HRX workout’.
The market size for gyms is determined to be $1 billion hence Cure.fit is to believe it may enter into a unicorn club in the Indian Startup System by 2021. With the launch in Dubai, the company is to expand its footprints into other foreign countries within one year.
Recently Cure.fit entered into a sportswear brand named Cultsports and also signed Jasprit Bumrah as the brand ambassador.Cure.fit takes the top spot with the second position on the 2019 LinkedIn Top Startups List. Within two years Cure.fit will expand into 50 cities with 800 branches. Healthcare is one of the largest growing segments in India and is estimated to be a $280-billion market by 2020.
