Health and fitness startup Cure.Fit has raised $120 million in a latest series C funding round. The funding round was led by IDG Ventures, Accel Partners and Kalaari Capital.Chiratae Ventures and Oaktree Capital along with Accel’s Growth fund and the new funds of Chiratae also participated in the latest funding round.
Cure.Fit was founded by Mukesh Bansal and Ankit Nagori. The startup provides health tips on a subscription basis. The company will use the fresh funds to strengthen its technology platform by offering AI- driven health planning, create its own fitness devices, and will also look to expand to newer markets, such as in Southwest Asia in 12-15 months.
“Health is over $100 billion category in India and is ready for a new tech-driven approach for much better consumer experience. With very high health awareness and rapid technology adoption among consumers, Cure.fit has a unique opportunity to become the go-to destination for all health needs for India,” said Cure.Fit co-founder Bansal.
Recently, Cure.Fit acquired Fitness First in India. With this deal, Cure.Fit has also merged its subsidiary, Cult Fitness, with the Fitness First business in India. The joint entity will now operate under the Cure.Fit platform