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Kalyan Krishnamurthy invest in fitness startup CureFit

Kalyan Krishnamurthy invests Rs.1 crore in fitness startup CureFit.
BY BEx Bureau
BusinessEx
Mar 05, 2018

Bengaluru-based fitness startup CureFit is an innovative combination of engagement, coaching and delivery through a combination of online and an offline channel. The startup has raised Rs.1 crore funding from Flipkarts CEO Kalyan Krishnamurthy, reveals ROC filings.

In 2016, the startup was founded by Ankit Nagori and Mukesh Bansal. The startup has three verticals i.e. eat.fit which offers healthy food, cult.fit which caters to physical fitness and mind.fit which offers mental wellness training.

In the first month of this year, the startup has raised $10 million debt funding from Axis Bank and HDFC Bank. In December, it raised $937,000 in venture capital round led by Endiya Partners and Brun Raschle. In August, the startup secured $25 million Series B round from Accel, IDG, KalaariCapital and UC-RNT Fund.

After this funding round, the total investment secured by the startup will be $60 million.

Despite the funding raised by the startup, it posted net sales of Rs.3 crore in the fiscal year 2016-17 but the loss amount was six times greater, as per its regulatory filing.

Its total expenditure stood at Rs.21.87 crore.

Krishnamurthy previous investments were in home rental platform NestAway, ed-tech startup Unacademy and Goodera.

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