BENGALURU:
Anand Piramal, who is in charge of the realty business of the Piramals, 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 over $500 million, according to company filing documents obtained through Paper.vc.
Anand Piramal Family Trust invested approximately Rs 75 lakh in the round. Accel Growth is leading the round with investment of 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 has also expanded into food delivery platform Eat.fit and healthcare services like Eat.fit. The company has opened 100 centres 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.
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