The startup plans to develop new products around medical checkups and primary healthcare under its care.fit brand by early next year
Bangalore-based CureFit Healthcare, owner of cure.fit, a health and fitness platform, has secured US$25 million in new funding from existing investors Accel Partners, Kalaari Capital, and IDG Ventures.
UC-RNT fund, a joint investment vehicle of the University of California and Ratan Tata‘s RNT Associates, also co-invested.
As per a report by The Economic Times, the new round could stretch up to US$40 million.
CureFit will use the money to expand to new cities, starting with Gurgaon in October this year. A portion of the financing will also be used to develop new products around medical checkups and primary healthcare under its care.fit brand by early 2018.
Founded in 2016 by Myntra Co-founder Mukesh Bansal and former Flipkart Chief Business Officer Ankit Nagori, cure.fit is an app (available on Android and iOS) that helps you manage your lifestyle by bringing together all aspects of a healthy lifestyle on a single platform. It offers digital and offline experiences across fitness, nutrition & mental wellness. The offerings are currently available only in Bangalore.
The platform offers three features — eat.fit, cult.fit, and mind.fit.
eat.fit is a subscription platform wherein the user can subscribe for healthy and tasty meals which are high on nutrition. The balanced meals are prepared with fresh ingredients. One can choose from a variety of cuisines.
cult.fit provides workouts for all. One can watch its DIY workout videos for exercising at home.
On mind.fit, users can listen to meditation audios and relieve themselves of stress and anxiety with the techniques designed by experts.
Previously, cure.fit raised US$15 million. Its other investors include Gokul Rajaram of US-based payments firm Square, Aditya Agarwal of Dropbox, and former YouTube executive Shishir Mehrotra.
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