Accel, Kalaari, Chiratae invest in India's CureFit

Piramal Group chairman Anand Piramal also participated in the investment, according to filings with the Registrar of Companies, along with Epiq Capital and two other family offices. The deal brings CureFit’s total capital raised to $245 million, including a $120 million Series C round last year led by Accel, Kalaari, and Chiratae, then called IDG Ventures India.

CureFit, launched in 2016 by Myntra founder Mukesh Bansal and former Flipkart executive Ankit Nagori, offers three flagship products: personal fitness planner Cult.fit; Mind.fit, an app for booking yoga and meditation classes; and Eat.fit, a meal planning and food delivery app. It is currently test-marketing a personal healthcare app and a chain of medical and diagnostic centers under the Care.fit brand in Bangalore.

The company has expanded its business through an active acquisition strategy. For example, Cult.fit was built on Bangalore-based fitness apps Cult and The Tribe, and Eat.fit began with online food delivery start-up Kristys Kitchen, purchased in 2017. CureFit reportedly plans to use the new capital for further acquisitions of start-ups that align with its business model, along with expanding its existing services.

CureFit is one of a number of start-ups that have emerged to offer personalized health and personal care through the use of technology, aided by growing internet penetration and smart phone adoption among India’s consumers. The healthtech space has been particularly active, with recent deals including a $17 million Series B round for online physician consulting app Mfine and a $16 million Series C round for AI-enabled diagnostics developer SigTuple.

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• Topics
• South Asia
• Technology
• Consumer
• Expansion
• Healthcare
• India
• Accel Partners
• Kalaari Capital
• IDG Ventures
• TMT