Fitness startup Curefit raises $145 million in funding led by Zomato

Bengaluru-based fitness startup Cure.fit has raised $145 million in funding led by foodtech company Zomato along with the participation from San Francisco-based South Park Commons, Singapore-based Temasek Holdings, Accel Partners, and other individual investors.

According to regulatory filings, Zomato has infused Rs 750 crore, South Park has invested Rs 75 crore, Accel Partners invested Rs 37.5 crore, and Temasek Holdings invested Rs 187.5 crore.

Curefit has approved the allotment of 2,25,07,343 Series F preference shares and 1 equity share at an issue price of Rs 483.62 per share to raise Rs 1,088.50 crore or $145 million, according to the regulatory filings data.

Apart from this, Founder Mukesh Bansal, IIFL Partners Paras Sanghvi and Apurva Doshi also invested in the current financing round.

Founded in 2016 by Mukesh Bansal and Ankit Nagori, Curefit runs the physical fitness platform Cultfit, mental fitness (Mindfit), and a primary care vertical (Care.fit).

So far, the startup has raised funds from Tata Digital, Vistra ITCL, Castle Island Ventures, Epiq Capital, InnoVen Capital, Unilever Ventures, Accel Partners, Chiratae Ventures, Kalaari Capital, among several others.

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