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Healthcare start up Cure.fit raises $120M in series D funding round

Author : Shikha Sinha | Published Date : 2019-06-27 

The company aspires to serve 100 million consumers over the next 10 years by leveraging a strong on-ground network

The Bengaluru-based, health and fitness startup Cure.fit has reportedly raised an amount of $120 million led by Chiratae Ventures, a leading tech venture capital fund company in series D round of funding.  

As per trusted sources, Accel Partners, Oaktree Capital and Kalaari Capital along with new investors like Unilever Ventures, Kotak Mahindra bank, Epiq Capital, Bruno Rachelle Family Office, also participated in the round.

Mukesh Bansal, Founder, Cure.fit was reportedly quoted stating that, the need for a tech driven approach in the health care sector is crucial due to the increasing change in health-related habits of consumers. The company aspires to serve 100 million consumers over the next 10 years by establishing deep tech and strong on-ground network, he further claimed.

For the record, Cure.fit has emerged as one of the fastest growing health and wellness integrated platform in Asia. The company has presence in Delhi- NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Jaipur and Dubai.

Apparently, Cure.fit has seamlessly combined online and offline experiences to build an innovative tech platform to manage day health and a fulfilment network that works offline. The Cure.fit application alone has witnessed over 2 million downloads.

Citing reports, Cure.fit encompasses of over 180 Cult.fit centers, 35 mind.fit centers and aims to grow up to 800 centers by 2020. Eat.fit, the food offering operating under Cure.fit serves over 35,000 meals per day and the number keeps doubling.

Sudhir Sethi, Chiratae Ventures Founder and Chairman, reportedly stated that Cure.fit has established itself as India’s leading health and fitness tech player in the last 3 years. With the commencement of its Dubai center, the chain will lead the international market as well with its unique offerings, he further added.

Reportedly, with the expansion to international markets, Cure.fit has become the first Indian fitness and wellness chain to raise additional funds in order to expand overseas.

As per reliable sources, the terms of deal have not been disclosed so far. 

Sources Credits : https://www.financialexpress.com/industry/cure-fit-raises-120-million-in-series-d-funding/1619132/

About Author

Shikha Sinha

Shikha Sinha

Shikha Sinha currently pens down content for fractovia.org, a news platform which provides the latest business highlights and industry trends. Shikha also is a contributor on various other online media websites where she writes informative, research-oriented content spanning the retail, healthcare, F&B, and technology sectors. As her first stint in writing, Shikha was an active contributor on Yahoo Voices where she penned down creative and imaginative pieces. She holds a Bachelor of Technology degree in Electrical and Electronics Engineering. She can be contacted at- [email protected] | https://twitter.com/shikhas999

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