CureFit, started by former Myntra and Flipkart executives Mukesh Bansal and Ankit Nagori earlier this year, announced on Monday that it had raised $15 million from Accel Partners, IDG Ventures and Kalaari Capital. To be launched in 2017, CureFit will be a platform that will enable users to manage their health proactively through a gamut of service offerings.
Curefit aims to be an innovative combination of engagement, coaching and delivery, through a mix of online and offline channels. The startup believes that both experiences seamlessly integrated will provide end-to-end proactive health management to consumers. Through this solution, consumers will be able to enjoy better quality of life, reduce the probability of falling sick and significantly reduce risks for long-term chronic diseases. Through a video listed on their website, Curefit wonders,
Curefit is currently looking to hire people passionate about ‘math and DNA, science and psychology, problems and imagination’ and has a challenge on their website with a downloadable ‘code and key’.
Curefit’s investors Accel Partners, IDG Ventures and Kalaari Capital have worked with the founders at Myntra and Flipkart and would be looking forward to replicating their previous bouts of success. Subrata Mitra, Partner, Accel Partners believes that proactive health management is a large space, and requires the right mix of online and offline expertise to master. He adds,
Sudhir Sethi, MD, IDG Ventures 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, MD, Kalaari Capital, who 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.”
Tencent-backed Practo and Accel-backed Portea are two big players in the healthcare space in India. It is estimated that around four billion transactions happen in the healthcare sector every year In India. Over the past few months, healthtech has been buzzing, with startups getting involved in hospital management systems, doctor discovery, delivery of medicines, and now more importantly home healthcare services.
Curefit believes that going forward-