Cure.fit raises $120 million in series D round of funding

Health and fitness company, Cure.fit on Tuesday said that it has raised $120 million in series D round of funding.

Cure.fit founded in 2016 by Myntra co-founder Mukesh Bansal and former business officer of Flipkart, Ankit Nagori, which delivers the physical and mental well being across four flagship products, cult.fit, eat.fit, mind.fit and care.fit which caters fitness & training, healthy food ordering online, yoga & meditation and pharmacy & diagnostics respectively. 

Cure.fit having five lakh active subscribers across Bengaluru, Mumbai, Delhi-NCR region, Hyderabad, Chennai, Jaipur and Dubai.

Mukesh Bansal said that,"Leveraging deep tech and strong on-ground network, we aspire to service over 100 million consumers over next 10 years."

According to an IANS report, company said that the fitness and health company has over 180 cult.fit centres, 35 mind.fit centres and aims to grow over 800 centres by 2020. 

Led by Chiratae Ventures (formerly IDG Ventures), Accel Partners, Kalaari Capital & Oaktree Capital, Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank joined the 4th round of funding.

Sudhir Sethi, Founder and Chairman of Chiratae Ventures said, "cure.fit, in its last three years, blazed to India`s dominant fitness and health tech player. Now with the Dubai operations, it`s well poised to take the unique offering to international markets,"according to IANS report.