Saturday, November 23

Former Flipkart Executives’ CureFit Raises $15 million Funding

CureFit, a healthcare and fitness start-up launched by former Flipkart executives Mukesh Bansal and Ankit Nagori, has recently raised a $15 million Series A funding from Kalaari Capital, Accel Partners and IDG Ventures, which is one of the largest early rounds of funding ever by an Indian start-up.

“We aim to build out an innovative product which will help the consumers manage their health proactively with heavy use of technology and data. We will offer solutions to all people who want to live healthily and avoid lifestyle diseases. So, we will first focus on preventive healthcare and then expand to other areas. We’re looking at this market as a 8-10 year play,” Bansal said.

The company for now has hired 10 employees so far to work on development and technology.

Bansal and Nagori resigned from Flipkart as Commerce Platform Head and Chief Business Officer, respectively, in February. In the month of March they pooled in around $5 million to open a healthcare and fitness startup.

Currently they are busy with the portal and it is estimated that the app will be launched by the first half of the year 2017. They are also planning to tie up with offline health and fitness stores!