Health and wellness start-up Cure.fit said on Monday that it has raised $25 million (over Rs 159 crore) in a fresh round of funding to expand its footprint to build innovative products. The company has raised the Series B round of funding from existing investors Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT fund, it said in a statement.
Cure.fit, which was founded by former Myntra founder Mukesh Bansal and former Flipkart executive Ankit Nagori, appears to offer health food subscription, fitness activities and meditation-related services. Its app's listing reads: cure.fit is the platform to power healthy lifestyles and holistic cure across fitness, food and mental well being. cure.fit guides you in developing healthy habits and enables easy fulfilment of all your health needs, be it exercise, food or mental health.
While its on-ground services are only available in Bangalore at this point, the fresh capital will help the company expand its geographical footprint in the country and accelerate scale-up of all its business verticals, it added.
"We aim to transform the health space in India and build a truly customer centric health platform... We will be using this round of investment to further invest in our technology to build innovative products and expand our geographical footprint", Mukesh Bansal said.
Cure.fit has seen great traction in first year of business with clear value proposition and sound business model, a Partner at Accel Partners, India, Subrata Mitra said.
(With PTI inputs)