Mukesh Bansal-backed Cure.fit to buy Fitness First
Founder and former CEO of Myntra to beef up fitness play by acquiring the New Delhi-based company
Image: Hemant Mishra /Mint via Getty ImagesPankaj Karna, managing director of Maple Capital Advisors, contended that the deal would beef up Cure.fit’s presence in New Delhi, Mumbai and Bengaluru. “The deal would take the member base of the combined entity over 40,000,” said Karna, who too declined to share more details about the acquisition.
Founded in 2016, Cure.fit reportedly bagged Rs 4.18 crore in a funding which saw participation from Flipkart cofounder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan, according to media reports that cited data-intelligence platform Paper.vc. So far the Bengaluru-based startup has raised over $45 million from a slew of marque venture capital investors such as Accel partners, IDG Ventures, Kalaari Capital and UC-RNT Fund, the joint investment vehicle of the University of California and Ratan Tata’s RNT Associates.
