your password has been reset successfully, Please login again.

Kalyan Krishnamurthy invest in fitness startup CureFit

Kalyan Krishnamurthy invests Rs.1 crore in fitness startup CureFit.
BY BEx Bureau
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. which offers healthy food, which caters to physical fitness and 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.

Please add your Comment
May 20, 2019
Coatue Management, the American-based hedge fund, is planning to lead $120 million funding round in ...More
By Jaspreet Kaur
May 18, 2019
Brookfield Asset Management’s CEO wishes Howard Marks, Co-founder of Oaktree Capital, to continue do ...More
By Jaspreet Kaur
May 07, 2019
After the fundraising, the online grocery business, BigBasket valuation has increased beyond $1 bill ...More
By Jaspreet Kaur
May 04, 2019
The Indian fashion startup, StyleDotMe has received undisclosed investment from Indian Angel Network ...More
By Jaspreet Kaur
April 29, 2019
Milkbasket, is run by Aaidea Solutions Pvt. Ltd, will utilize the money to conduct research, develop ...More
By Jaspreet Kaur
April 26, 2019
Apis Partners LLP has decided to invest $110 million in L&T Infra Debt, a subsidiary of Larsen & Tou ...More
By Jaspreet Kaur
April 12, 2019
By initiating the wellness company, Deish and Mohammed aim to become a one-step solution of women hy ...More
By Jaspreet Kaur
April 11, 2019
International Finance Corporation (IFC), a sister company of World Bank, has decided to endow money ...More
By Jaspreet Kaur
April 11, 2019
The Indian IT giant, Tech Mahindra will acquire 18.1 per cent stakes in Vitaran Electronics and Info ...More
By Jaspreet Kaur
April 10, 2019
The online investment market is a forthcoming theme in fintech (financial technology) sector ...More
By Jaspreet Kaur
April 04, 2019
The total transaction amounts to be INR 700 crore, out of which INR 230 crore has been transacted wh ...More
By Jaspreet Kaur
April 02, 2019
A draft has been prepared by Ministry of Commerce and Industry and the regulatory body is presently ...More
By Jaspreet Kaur