Hrithik Roshan, Ratan Tata ready to Invest in CureFit
BENGALURU: CureFit healthcare, a healthcare start up company may receive the investments from Ratan Tata and Bollywood actor Hrithik Roshan as the company is reported to be currently in talks with both of them with investment purpose. It is expected that the deal will be finalized in next few months.
CureFit is a healthcare startup founded by Former executives Mukesh Bansal and Ankit Nagori of Flipkart, an online retailer giant. In the last one year, the company has raised about 20 million dollars and currently counts venture capital firms Kalaari Capital, Accel Partners and IDG Ventures as investors.
Hrithik Roshan who worked with Bansal in Myntra for his lifestyle brand HRX, seems to be interested in picking up an equity stake in the company report ET. Giving an idea about their deal, Hrithik Said, “This partnership will mostly be a cash-plus-equity deal."
Speaking with ET, the company officials said, motive behind this investment is to make the people fit with celebrities using similar technique in the fitness world.
At the same, it is reported that Tata is already an angel investor in CureFit and a fresh investment from him could be a part of the new round of 15-20 million dollars, which the startup plans to raise this year, said two officials who declined to be identified.
The officials further reported that the deals has not be finalised yet. Nagori said, "Queries sent to Tata on email did not facilitate any response. Ratan came as an angel investor right at the time when we were incorporating the company."
CureFit began its operations last year in April. The company has raised 15 million dollars in Series A funding from Kalaari, Accel and IDG Ventures. CureFit operates as a direct seller of services rather than a marketplace. There are four companies under CureFit- CureFit Logistics, New World Inventions, CureFit Healthcare and Curefoods.
The new Signature workout style designed by Hrithik Roshan under his HRX brand will be launched officially next month in the startup’s gym centre, Cult.
Recently Ratan Tata announced a collaboration with University of California to established Tata institute of active genetics and society. This complementary unit will support a collaborative research enterprise in India (TIAGS-India). The goal of the Institute is to push the boundaries of bioscience in support of human needs and society, and to build scientific capacity in India.
Read also: Tata Trusts, University of California to establish Tata Institute for Active Genetics and Society