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CureFit raises $15M from Accel, IDG and Kalaari


CureFit raises $15M from Accel, IDG and Kalaari

Curefit, a health venture, with a $ 15 million kitty  in readiness and an aim to be a contemporary mix of engagement, coaching and delivery through a mix of on-offline channels is all set to take off. Initiated by  Mukesh Bansal and Ankit Nagori, former Myntra and Flipkart executives, this end to end proactive health management to consumers venture has been given its $15 million financial incentive by Accel Partners, IDG Ventures and Kalaari Capital.

A 2017 launch, the venture is meant to be a health space that will enable consumers make the most of addressing their health energetically  through a variety of service offerings. Through this health solution, the possibilities of illnesses coming on would be considerably decreased and  ailments turning into chronic diseases diminished.

Curefit is currently looking to hire people passionate about math and DNA, science and psychology, problems and imagination’ and has a challenge on their website with a downloadable ‘code and key’.

Curefit  investor partners- Accel, IDG ventures and Kaalahari capitals are looking forward to a second  round of achievement with  this new health venture.They experienced a similar high while setting up Myntra and Flipkart with the twosome Mukesh and Ankit .

Subrata Mitra, Partner, Accel Partners is of the view that health management is a large space and  mastering it calls for both on and offline expertise.

“It’s a complex problem, and therefore needs the right entrepreneur to address. This is where the combined strength of Mukesh and Ankit would be invaluable, we thought. Mukesh is an outstanding entrepreneur and CEO, and Ankit provides the right balance of strategy and execution to the team,” explained Mitra.

Sudhir Sethi, MD IDG Ventures felt Mukesh and Ankit were launching a formidable venture in the health and fitness space. “ After Myntra, IDG Ventures is delighted to back Curefit” he added.

Managing Director, Kalaari Capital, Vani Kola expressed her delight in joining the board of the company and partner with Ankit and Mukesh.She was of the opinion that health and management were perhaps the most important segments to be disrupted by technology in the next decade. “We look forward to working with this seasoned team on this tremendous opportunity.” she added.

Defining Cure fit as an end to end solution that will enable users to take full control of their health to improve quality of life and reduce long-term healthcare costs Ankit  called other multiple service offerings in the market as -fragmented

Mukesh on the other hand noted  healthcare to be one of the largest growing segments in India; estimating it to become a $280-billion market by 2020.

Healthtech has been abuzz with startups on delivery of medicines , hospital management systems, doctor discovery, and now home healthcare services as well. Practo and Portea are the  two big names in the mushrooming healthcare space in India.



Source: with inputs
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