[Funding alert] Curefit raises $145M from Zomato, others

Wellness stage Curefit Healthcare Pvt Ltd which possesses and works wellness stage Cult.fit has raised $145 million driven by food innovation Zomatoand a gathering of financial backers and people, as indicated by filings made with the Ministry of Corporate Affairs.

With the exchange, Zomato has additionally stripped games offices stage Fitso to Cure.fit, as indicated by filings made by Zomato with the business sectors controller. During its new quarterly income, Zomato said that it will offer Fitso to Curefit for $50 million, aside from putting an extra $50 million in the organization. Zomato had said that it will send $1 billion across different Indian new companies throughout the following two years.

Zomato drove the round in Curefit with a speculation of almost $100 million, gaining a 6.38 percent stake in the organization. Different financial backers which partook in the round incorporate San Francisco settled South Park Commons Opportunities Fund II, Temasek, and Accel.

Senior leaders at IIFL Wealth, Paras Sanghvi and Apurva Doshi, likewise took an interest in the round separated from Co-organizer of Curefit, Mukesh Bansal. Mukesh's present shareholding in the organization remains at 11.23 percent, while prime supporter Ankit Nagori holds 0.25 percent.

With this round, Curefit was esteemed at almost $1.5 billion, as indicated by the administrative records.

In June, Tata Digital, an auxiliary of Tata Sons, put $75 million in Curefit, lifting CEO Mukesh Bansal to the job of president at the advanced business arm of the aggregate.

If you want us to take your startup from idea phase to successful funding reach out to us.

Latest funding News

Adda247, a Gurugram-based multilingual edtech stage giving web-based courses in nine dialects, has raised Series B financing of roughly $20 million drove by WestBridge Capital.

Purchase currently pay-later (BNPL) fintech startup Simpl has brought $40 million up in a Series B financing round drove by Valar Ventures and IA Ventures, just as existing investors.

Installment arrangements startup PayGlocal on Thursday said it has brought $4.9 million up in a Series A subsidizing round drove by Sequoia Capital, alongside financial backers like BeeNext, Jitendra Gupta, and Amrish Rau.