Piramal, Kalaari, Accel, others invest in Cure.fit

BENGALURU: Anand Piramal , Who Is In Charge Of The Realty Business Of The Piramal, Along With Existing Backers Like Accel Growth, Kalaari Capital And IDG Ventures India Have Invested $ 75 Million In Healthcare Startup Cure.fit At A Valuation Of More Than $ 500 Million, According To Business Documentation Obtained Through Paper.vc

Anand Piramal Family Trust Invested Approximately Rs 75 Lakh In The Round. Accel Growth Is Leading The Round With Investment Or Over Rs 200 Crore While IDG Ventures Along With Its Limited Partners Has Also Invested Over Rs 120 Crore. Other Investors In The Round Include Epiq Capital, Makan Family Trust And Hadley Family Trust.

Cure.fit Was Founded In 2016 By Myntra Co-founder Mukesh Bansal And Senior Flipkart Executive Ankit Nagori. The Company Started With Fitness Chain Cult.fit And Then Also Expanded Into Food Delivery Platform Eat.fit And Healthcare Services Like Eat.fit. The Company Has Opened 100 Centers Across Bengaluru, Mumbai, Delhi-NCR, And Hyderabad, And Recently Expanded Into International Markets Like Dubai.

Last Year, The Healthcare Startup Raised A Round Of $ 120 Million, Bringing Its Total Funding To $ 170 Million.