Express Computer
Home  »  News  »  Temasek Invests INR. 832 Crore In Health Startup CureFit 

Temasek Invests INR. 832 Crore In Health Startup CureFit 

0 215

Health and fitness startup Curefit has raised an estimated amount of INR. 832 crore in a fresh round of funding that is being led by Singapore-based firm Temasek. GableHorn Investments and Ascent Capital have entered as new investors. 

Also, existing investors of Curefit that include VC firms like Accel Partners, and Chiratae Ventures with the investment arm of Unilever had also participated in the latest funding round. One of the early backers of Curefit, Accel had invested around INR. 107 crore in Curefit that was founded by Mukesh Bansal, and Ankit Nagori, an ex Flipkart employee.

As per records, this is the second major investment in the Indian startup space in the last 4 months by Temasek. Last year in December, Temasek had finalised a $100 million investment in Ascent Health and Wellness, that owns PharmEasy.

This round was a mix of equity and debt, and had undertaken over two tranches, that was led by its existing investors Accel Partners and Chiratae Ventures, with its new investors like Unilever Ventures, Epiq Capital, InnoVen Capital, and Kotak Mahindra Bank. It is also noted that Curefit has held discussions with SoftBank Vision Fund, however, the deal isn’t finalised yet. 

Curefit has produced a chain of fitness centres under the brand CultFit, it also has its own food delivery app EatFit, healthcare clinics CareFit, and mental wellness brand MindFit.  

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image