CureFit Raises $3Mn funding from RNT Fund and Silicon Valley angels

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Bangalore-based CureFit Healthcare Pvt Ltd, which operates health and fitness platform CureFit, has secured $3 million (Rs 19.2 crore) in a fresh round of funding from UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California and Silicon Valley angels

Other investors who participated in the round include Gokul Rajaram, product engineering lead at US-based mobile point of sale provider Square; Aditya Agarwal and Ruchi Sanghvi, vice presidents of engineering and operations, respectively, at file sharing application firm Dropbox; and Shishir Mehrotra, former vice president of product, engineering and UX at YouTube, a report in the Times of India stated.

The fresh investment comes at a time when the company, which is using a mix of offline and online channels, has just rolled out its services. All told, the one-year-old company has picked up $18 million

The one-year-old company has picked up $18 million already, making it one of the most well-funded early-stage startups in the country.

The startup raised $15 million from Accel Partners, IDG Ventures, and Kalaari Capital in July last year.

Founded by former Myntra co-founder and Flipkart executives — Mukesh Bansal and Ankit Nagori in May 2016. The investment comes on the heels of the platform’s official debut, which has happened nearly a year after it being in stealth mode. It is employing a mix of online and offline channels to market its healthcare and wellness initiatives.

“We are offering an integrated solution to users in three areas -fitness, food and mental health. We started off with our fitness offering of Cult, which now has 5,000 paid subscribers,” Bansal said.

CureFit also acquired a majority stake in Cult last year, which operates gyms and wellness centres

Also read: There Is No Way Of Knowing Whether You Should Take On Funding

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