The Covid pandemic has hit the fitness industry with an axe. Gymnasiums, along with spas and salons, were the first ones to close when lockdown was first announced. Some of them have shifted their business online while others had to shut down.
As the nationwide lockdowns continue, gym and fitness centers across the country remain closed piling up losses for the company that operates them or owns them. In an attempt to tide over the coronavirus crisis, health and fitness startup Cure.fit recently announced that it has decided to lay off trainers and downsize operations in several…
United State’s based Accel Partners, a venture capital firm, has raised about $550mn for its 6th fund specifically for investments in India’s booming start-up ecosystem. This fund is a notch higher than its 5th fund which set a figure of about $450mn in 2016. Accel has so far raised $1 billion capital across five rounds…
Health and fitness start-up CureFit is set to receive an investment of $100 million. As per a Mint report, Singapore’s government-owned investment firm Temasek is reportedly in talks with CureFit to invest $100mn. The transaction is expected to conclude in the next six to eight weeks. It is understood that the Singapore-based investment firm has…
The sector is witnessing growth at a very fast pace, leading to new and emerging businesses and job opportunities in the sector. The opportunities are not in the form of traditional gym instructors, or beauty and spa attendants but also as software developers and tech professionals considering the coming up of tech ventures to support the industry. Emerging companies like Curefit, HealthifyMe and FitMeIn have seen serious funding and growth in the sector, and this is just the beginning.