Health and fitness platform Cult.fit has raised Rs 84.5 crore (around $10.2 million) in a funding round led by existing investor Valecha Investments, which contributed over Rs 36 crore, according to ETtech report. Other participants in the round include Gul Advani of Sun-n-Sand Hotels, who has infused Rs 28.26 crore, Extreme Brands LLP, L&K Wellness…
Tag: Ankit Nagori
Bengaluru-based cloud kitchen startup Curefoods raises $43 mn led by Winter Capital
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•Cloud kitchen startup Curefoods has raised about $43 million in a funding round led by Winter Capital, according to ETtech report. Three State Capital has invested $5.8 million in the round. Existing investors Chiratae Ventures infused about $1.6 million, while Accel India invested $3.9 million and Iron Pillar put in $10 million, according to regulatory…
Bengaluru-based Cult.fit acquires Gold’s Gym India business
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•Cult.fit, a fitness center chain startup in India, announced it has picked up a majority stake in F2 Fun & Fitness, thereby becoming the master franchise partner for Gold’s Gym in India, according to ETtech report. Cult.fit is a part of Cure.fit Healthcare which recently announced an investment from Zomato taking the company’s valuation to…
Bengaluru-based Curefoods announces merger with Maverix
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•Curefoods, a cloud kitchen company which houses brands like EatFit, CakeZone, and Aligarh House, announced its merger with Maverix, a foodtech player. Following the merger, Curefoods will become the second-largest cloud kitchen player in India in terms of footprint with the largest manufacturing capability in the fresh food space, the statement said. The merger will also take Curefoods’ market presence to 125 kitchens…
Mukesh Bansal’s Cure.fit acquires US-based fitness company Onyx
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•Bengaluru-based health and fitness startup Cure.fit announced that it has acquired Onyx, a California-based fitness company, to bolster its digital offerings in India. The company said that this would also help improve their international business. Onyx specialises in body tracking technology and personalisation of workout feedback. Onyx is also one of the highest-rated apps in…