CureFit, Mukesh Bansal's new start-up, gets funding worth $15 million
The investors include Accel Partners, IDG Ventures India and Kalaari Capital, who all participated in the $15-million round, which also had an investment of $3 million by Mukesh Bansal himself.
As per the deal, the health and wellness start-up has been valued at about $50 million.
CureFit was founded by Bansal, after he quit Flipkart in March last year, in partnership with former colleague
"We aim to build an innovative product, which will help consumers manage their health proactively with the use of technology and data," Bansal told ET.
Bansal will be leading the product and technology development functions at the start-up, while Nagori will be in charge of business development and operations.
CureFit will offer products and solutions for preventive and curative healthcare to its users, combining engagement, coaching and delivery through a variety of both online and offline channels.
The start-up currently employs about ten people and expects to hire about 35-40 more people in the coming six months.
Popular on BI
- Girish Mathrubootham, the son of a retired bank officer who built a $13 billion company in just 10 years
- A couple who traveled to 48 states in an RV share 17 things they would never go on a trip without
- The Taliban is bringing back executions and cutting off hands as punishment after retaking control of Afghanistan
- Ethereum’s scaling issues strike again as TIME Magazine’s NFTs sell for 30 times their price
- Best baby swing cradle and chair in India
- China's FUD drags down Bitcoin, Ether and other cryptocurrencies yet again
- The India Chapter of the International Advertising Association elects Megha Tata as its President for a second term
- The beer ‘cartel’ of Kingfisher, Budweiser and Carlsberg have to cough up ₹870 crore in fines