On Monday, CureFit, health and fitness startup, owned by former Flipkart and Myntra executives Ankit Nagori and Mukesh Bansal, declared that IDG Ventures, Accel Partners, and Kalaari Capital have invested $15 million in their firm. CureFit, an online platform, to be introduced in 2017, will assist its user in managing their health proactively through its wide range of services.
Through a combination of offline and online channels, Curefit all set to be emerged as an innovative mix of coaching, engagement and delivery. It assures to deliver a proactive end-to-end health management to their users by seamlessly integrating the mentioned experiences. It enables the customers their health status so that they can reduce the probability of falling ill and effectively reduces their risk for prolonging diseases and assist them to live their life fullest.
Currently, Curefit is in a process to hire passionate people, who have science background and will love to work on ‘science and psychology, math and DNA, problems and imagination’.
The investors of Curefit, Accel Partners, Kalaari Capital, and IDG Ventures were associated with the founders at Myntra and Flipkart, it their past and are now excited to duplicate their previous success. According to the Subrata Mitra, Partner of Accel Partners, the proactive health management is a huge platform that needs a correct proportion of offline and online expertise to excel. He further added,
“It’s a complex problem, and therefore needs the right entrepreneur to address. This is where the combined strength of Mukesh and Ankit would be invaluable, we thought. Mukesh is an outstanding entrepreneur and CEO. Adding Ankit provided the right balance of strategy and execution to the team.”
The Managing Director of IDG Ventures, Sudhir Sethi says, “Mukesh and Ankit are launching a formidable venture in the health and fitness space. After Myntra, IDG Ventures is delighted to back Curefit.”
Vani Kola, Kalaari Capital’s MD, joins the board of the company, added, “We’re delighted to partner with Mukesh and Ankit on their next entrepreneurial journey. Health and fitness are perhaps the most important segments that will be disrupted by technology in the next decade. We look forward to working with this seasoned team on this tremendous opportunity.”
Mukesh states that the health care comes among the fastest growing sectors in India and by 2020, it is assessed to be a market of $280-billion. Ankit assures that by providing end-to-end solutions, which enables their users to gauge on their health so that they can improve it by maintaining a quality life that is somewhat different from the other players of health care sector.
Mentioning about his venture, he explains, CureFit is an end-to-end solution that will enable users to take full control of their health to improve the quality of life and reduce long-term health care costs.
Portea, backed by Accel and Practo, backed by Tencentare two major entities that are dealing with health care space in India. As per the estimation,almost 04 billion transactions took place, every year in India’s health care sector. Constant buzz in the health care sector has been encounter from the past few months, with the involvement of startups in doctor discovery, medicine’s delivery, hospital management systems, doctor discovery, delivery of medicines, and now more majority in home health care services.