Cure Fit Careers

29.06.2023 Chukwudi Eze 0 Comments

Who is Cure Fit owned by?

Tatas allow freedom to experiment and fail: Curefit founder Mukesh Bansal.

Is CureFit profitable?

Tata-backed Cult.fit’s loss widens slightly, eyes profitability by FY24 Tata Digital-backed Cult.fit’s loss for the financial year ended March slightly widened to ₹ 681 crore, from ₹ 671 crore in the previous year as the company was battered by the widespread disruptions caused by the pandemic.

In the first three months of FY22, fitness centres were completely shut.
However, we had costs of keeping the centres and employees.
While gyms reopened in July, they were not allowed to run at 100% capacity.
As a result, revenues did not rebound to the full potential,” said Naresh Krishnaswamy, business head, Cult.fit in an interview.

During the year, the company made a string of acquisitions to support its inorganic expansion. “The acquisitions have costs associated with it, which added to the losses,” said Krishnaswamy. The health and wellness platform run by CureFit Healthcare Pvt.

Ltd posted a 34% growth in revenue to ₹ 215.7 crore, as per its annual financial statement filed with the Registrar of Companies.
While Cult.fit made significant gains last fiscal, it is yet to surpass its performance in FY20 when it had posted revenue of about ₹ 496 crore.
With the easing of the pandemic, the company is aiming at a rebound this fiscal.

“We are much bigger than what we were pre-pandemic. The fitness business and the fitness products business are driving the growth for the company. These businesses combined will help us to be operationally profitable in FY24,” said Krishnaswamy. Catch all the and Updates on Live Mint.

What is the company name of Cure Fit?

Curefit Healthcare Private Limited, doing business as cult.fit, provides heath care software. The Company offers at-home group workout, healthy food tips, and mental fitness services. cult.fit serves customers in India.

Is Cure Fit a company?

CureFit is a health and fitness company offering digital and offline experiences across fitness, nutrition, and mental well-being.

How much is cure fit worth?

Curefit nets $145 mn at a valuation of $1.56 bn Fitness startup, whose growth-financing round worth $145 million is being led by foodtech unicorn Zomato, is now valued at $1.56 billion, according to regulatory filings. The company has already approved the sale of 22.5 million Series F compulsorily convertible cumulative preference shares (CCPS) and one equity share at ₹ 483.62 for aggregate gross proceeds of ₹ 1,088.5 crore ($145 million), the filings showed.

Zomato, Temasek, South Park, Accel and a few individuals, including the company’s co-founder Mukesh Bansal, Paras Sanghvi and Apurva Doshi, participated in this funding round. The company has sold 15.5 million CCPS and an equity share to Zomato, and 775,000 CCPS to its co-founder Mukesh Bansal for gross proceeds of ₹ 787.5 crore (over $100 million), according to the regulatory filings.

Temasek is expected to invest an additional $25 million, with South Park and Accel putting in another $10 million and $5 million, respectively. IIFL partners Paras Sanghvi and Apurva Doshi will invest ₹ 50 lakh each. In June, Curefit had raised $75 million from Tata Digital, a wholly owned unit of Tata Group Holding entity Tata Sons.

Is Curefit a unicorn?

Fit’s parent company Curefit is the 36th unicorn in town.

What is the highest salary at CultFit?

The average Cult fit salary ranges from approximately ₹ 2,19,097 per year for Trainer to ₹ 3,13,934 per year for Yoga Instructor.

Who are CultFit competitors?

CultFit’s competitors include Anytime Fitness, Gold’s Gym, Multifit, Fitness First.

How big is Curefit?

Cure.fit: A Bengaluru based start-up looks to create a fitness ecosystem Life is too short to waste time thinking about joining a new gym or picking the right fitness routine. A healthy lifestyle is a constant effort which shouldn’t become a monotonous routine or a bland diet. Cure.fit, recently rebranded as Cult.fit, is a Bengaluru-based health-tech start-up Cure.fit, recently rebranded as Cult.fit, is a Bengaluru-based health-tech start-up offering digital and offline experiences across fitness, nutrition, and mental well-being, to build a holistic ecosystem of health, fitness, and healthcare.

At Cult.fit, we strive to keep you fit & healthy through a range of holistic offerings that include fitness and yoga, healthy meals, mental wellbeing, and primary care.
Now anyone can now stay healthy from the safety of their homes with just a single app that helps you to #BeBetterEveryDay,” says the Cure.fit website.

Backed by Singapore state investor Temasek Holdings, Cure.fit managed to grab a huge customer base, thanks to state-of-the-art group fitness sessions and celebrity endorsements, delivers services at centres in more than 130 locations across India. What made Cure.fit work in Bangalore? With Cure.fit, a workout feels like a cakewalk which includes a range of trainer-led, group workout classes with four distinct services Eat.fit, Cult.fit, Mind.fit and Care.fit, it has revolutionised the fitness industry with its mind-blowing and practical business plans.

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Eat.fit, the food vertical was set up in 2017, with the acquisition of Kristy’s Kitchen (health food start-up) and Opinio (hyperlocal food delivery start-up), offers a subscription-based healthy food delivery service. Over the years, the company has launched its brand name for packaged health foods and labelled it Whole.fit, selling food items such as cold-pressed juices, beaten grains, healthy crisps, and protein water contributing more than 30% of Eat.fit’s profit.

Given the popularity of yoga in India, Cure.fit did not hesitate to set up its Yoga and mental health vertical, Mind.fit by acquiring the yoga studio ‘1000yoga’ in 2017, catering to anyone from the age group of 18 to 80 years. In addition to its other fitness and wellness offerings, In 2018, Cure.fit set up its first healthcare clinic and branded it as Care.fit in Bengaluru, which looks at personalised healthcare services, including consultation and diagnostics, by leveraging big data, telemedicine and analytics to deliver preventative healthcare solutions.

The Cure.fit app also sells accessories like sportswear, shoes and other fitness accessories under the ‘Cultgear’ brand.
The company has introduced a new feature called the ‘Energy Meter’, which enables virtual tracking of workout movements using the customer’s camera.
Following the session, the leader-board is published, and each user gets feedback.

Clients can also publish their rankings within the community, and they even receive badges. Leveraging a combination of online and offline channels, Cure.fit’s business model has borne fruit thanks to a creative mix of mentoring, engagement, and delivery services they have built so far.

Challenges Fitness is a big industry in India, being able to thrive in this arena is a bit more adventurous than we could imagine, with lots of competitors around.
The idea of Cure.fit was born when the founders felt India doesn’t have an established healthcare system and most people are without healthcare insurance and a tech-based integrated start-up can serve people better.

This start-up is bullish on its physical centres across India. Among all the challenges they have faced initially, pandemic imposed standstill of business and growth was impacted. With ambiguity on normalcy and reopening of gyms across the country during the first phase of the pandemic, necessary measures to ensure business continuity was vital.

Bansal and Nagori have adapted to the situation by launching a host of online services, with live sessions by Cult trainers and celebrity trainers through its Cult.live and Mind.live offerings, online personal training and a library of DIY content.
Providing its customers, the convenient and cost-effective work out module online.

Among the many interesting modifications, gamification of live classes through energy trackers and class rankings established their business during and after the pandemic drove economic distress, growing nearly five times, led its expansion to the United States, where it started offering online fitness and therapy sessions.

Growth Story With the acquisition of 14 organizations so far, the most recent being Gold’s Gym on Feb 14, 2022, Cure.fit has become the biggest one-stop destination for fitness and wellbeing. Last year, Cure.fit has acquired Mumbai-based fitness aggregator Fitternity for an undisclosed amount after it acquired US-Based fitness tech start-up Onyx in January.

It has raised a total of $674.6M in funding over 12 rounds, latest funding was raised on Nov 10, 2021, from a Series F round. Cure.fit turned into a unicorn start-up, valued at $1.56 bn, on November 10, 2021, thus becoming the 36th unicorn in 2021 and 77th unicorn overall in India, after a cross-selling deal with Zomato, where the fitness brand acquired the fitness arm of the food tech giant, Fitso for $50 mn and infused another $50 mn.

Fitness is the company’s highest-earning vertical, followed by food services (34.5%), Healthcare and other related services (3.06%). Cure.fit, which attracted investments from major conglomerates like the Tata group, currently has more than 100 outlets across three cities of Bangalore, Gurgaon/Delhi and Hyderabad, with an ever-growing customer base.

With the healthcare market expected to increase three-fold to ₹ 8.6 trillion by 2022, Cure.fit is eyeing global expansion. SHARE THIS ARTICLE ON : Cure.fit: A Bengaluru based start-up looks to create a fitness ecosystem

Who is the target audience of Curefit?

Who are the target audience of Cure.Fit? – The target audience of Cure.fit are people from the urban population who are between 20 years to 40 years of age.

How many customers does Curefit have?

With a collective user base of 3 million, Cure.fit and Fitternity will empower more than 5,000 fitness centres spread across India – Health and wellness platform Cure.fit announced the acquisition of Fitternity, one of the largest fitness facilities aggregators in the country.

This acquisition comes close on the heels of its acquisition of Onyx, a California based digital fitness company last month, that is expected to enhance its digital offerings in India and abroad.
Fitternity is Cure.fit’s 6th acquisition to date.
The company acquired Cult in 2016, Tribe and 1000 Yoga in 2017, Fitness First in 2018 and Onyx in 2021.

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Cure.fit has now opened over 150 of its 200 fitness centres in the country, up from 40 in October 2020. With a collective user base of 3 million, Cure.fit and Fitternity will empower more than 5,000 fitness centres spread across India’s top 20 cities.

Fitternity is a marketplace and subscription platform for fitness services founded in 2014 by Neha Motwani and Jayam Vora.
Having catered to over 11 million users on the platform, 500K paid consumers, the company empowers a network of over 5,000+ branded gyms, boutique fitness classes and luxury hotel swimming pools in India across 17 fitness forms and 15 cities.

Fitternity also powers fitness & wellness benefits for 100+ large corporations in India.

Is Curefit a startup company?

Launched in 2016, Bengaluru-based Cure.fit is a healthcare startup that leverages technology and data to enable people to live a healthy lifestyle and get access to healthcare at an affordable cost. It offers both online and offline experiences across fitness, nutrition and mental wellbeing through its holistically integrated four verticals.

While cult.fit caters to physical fitness, mind.fit is for mental wellbeing, eat.fit for healthy food, and care.fit looks at personalised healthcare services, including consultation and diagnostics.
Legal Name : Curefit Healthcare Pvt Ltd Headquarters : Bangalore, Karnataka, India Business Model : Founding Date : Jul 2016 No.

of Employees : 1000+ Core Team 1. 2.

How many employees does Curefit have?

Fit has 2293 employees. It was founded in 2016.

Who is the richest fitness trainer?

Nerio Alessandri is moonlighting as the world’s wealthiest – and perhaps best dressed – personal trainer.

Who are the directors of CureFit?

Directors – CUREFIT HEALTHCARE PRIVATE LIMITED – The company has 6 directors and 1 reported key management personnel. The longest serving director currently on board is Mukesh Bansal who was appointed on 24 May, 2016. Mukesh Bansal has been on the board for more than 7 years.


NAME	DESIGNATION	APPOINTMENT DATE
SUDHIR KUMAR SETHI	Director	09 July, 2016	View other directorships
SUBRATA MITRA	Director	29 August, 2018	View other directorships
MUKESH BANSAL	Director	24 May, 2016	View other directorships
VANI KOLA	Director	09 July, 2016	View other directorships
RICHIN SANGWAN	KMP	22 February, 2023	No other directorships
VISHESH SHRIVASTAV	Director	31 March, 2020	View other directorships
SHAMIK DAS SHARMA	Director	31 March, 2021	View other directorships

Who is the CEO of CureFit Healthcare?

CureFit’s current Founder, Chief Executive Officer is Mukesh Bansal.

What is the most unicorn company?

India, which has the third-largest startup ecosystem in the world, is home to 6 of the world’s top 100 unicorns, according to a report released by the Credit Suisse Research Institute today. The 6 Indian startups that feature on the global top 100 unicorns’ list includes BYJU’s, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.

Valued at $22 billion at the end of December 2022, edtech platform BYJU’s is India’s most valued startup and world’s 12th, according to the list. Foodtech platform Swiggy was valued at $10.7 billion, OYO Rooms $9 billion, online gaming portal Dream11 $8 billion, payment gateway Razorpay and Ola were both valued at $7.5 billion each.

The report shows China’s ByteDance is the world’s most valued unicorn at $140 billion, followed by Elon Musk’s SpaceX, SHEIN, Stripe, Canva, Checkout.com and Revolut. Data shows that while the number of unicorns globally increased to 1,204 in 2022 from 959 in 2021, the cumulative valuation of new unicorns decreased to $556.6 billion in 2022 to $1,159.8 billion in the previous year.

2022 valuations have reflected a very sharp and downward re-appraisal for many of these companies compared to the heady valuations attached in 2021 – a trend mirrored in the valuations of technology companies in the listed space throughout 2022. Aggregate valuations of the space are still above 2020 levels,” Credit Suisse said in the report.

The global banker also released the ‘Family 1000’ report and found that in Asia Pacific ex-Japan, family-owned companies recorded excess returns of 330 basis points per annum over the period. It found performance to be stronger in the earlier-generation companies, reflective of the earlier stage of their entrepreneurial lifecycle and the stronger growth that accompanies it.

Some of the largest and oldest family and founder companies in the Asia Pacific region include Samsung, RIL, TCS, SoftBank, Bharti Airtel and Bajaj Finance,
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What is the latest funding of Curefit?

Their latest funding was raised on Nov 9, 2021 from a Series F round. cure. fit is funded by 38 investors. Mukesh Bansal and South Park Commons are the most recent investors.

What unicorn company means?

#employment #business Unicorn companies are those that reach a valuation of $1 billion without being listed on the stock market and are the dream of any tech startup. What factors play a role in the success of these companies? Which are the most valuable in the world? We answer these and other questions below. The concept of the unicorn startup was created by Aileen Lee, founder of Cowboy Ventures, in 2013. Rick Deckard, central character of the film Blade Runner (1982), daydreamed about a unicorn galloping through the forest. This dream released — and still does — rivers of ink amongst cinema buffs about the multiple interpretations of the true nature of Deckard: human or replicant? Unicorns also feature today in the dreams of millions of entrepreneurs the world over.

Why? The answer is in a term coined by Aileen Lee in 2013: unicorn startup,
This is the expression the founder of Cowboy Ventures used to refer to those technology businesses that achieve a worth of 1 billion dollars without being quoted on the Stock Exchange.
The classic unicorn company in the business world was born almost a decade before Lee’s idea and is non other than Facebook.

In fact, the US company outstripped the unicorn concept and was labelled a super-unicorn — a term reserved for those worth in excess of 100 billion dollars. When Mark Zuckerberg founded Facebook together with Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, he was only 20 and that — the insulting youth of its founders — is one of the defining characteristics for most of these unicorn companies.

Who is the CEO of Cure Fit?

Raj Sugan – Chief Executive Officer – Cure Fit Healthcare Pvt Ltd | LinkedIn.

Is Eat Fit a part of Cure Fit?

Eat.fit focuses on healthy and nutritive food and currently operates across 15 kitchens in 2 cities Making eat.fit a separate entity will allow us to dedicate more time and resources in an efficient manner, said founder Mukesh Bansal Cure.fit had locked down kitchens in over a dozen cities to focus on Bengaluru, Hyderabad and Coimbatore in August amid the pandemic Curefit has said that its food vertical, Eat.fit will be an independent entity.

The Bengaluru-based health and fitness brand said the move was necessitated due to “rising consumer demands.” With this transition, Eat.fit will have its own management team, funding and continue to sell on Cure.fit.
Cure.Fit’s move to hive off Eat.fit at a time when the cloud kitchens have taken a big hit due to the pandemic.

In August, this year Cure.fit had locked down kitchens in over a dozen cities to focus only on Bengaluru, Hyderabad, and Coimbatore. In May and July this year the company had laid off, furloughed 1000 and 600 employees respectively. Eat.fit claims to have served over 1.5 Mn users to date.

Speaking to Inc42 earlier, cofounder Ankit Nagori said, “Two to three days after the lockdown, Eat.fit’s order volumes fell by 80%. Since then, it has been a very uphill fight. Supply chain disruptions were not the biggest reason for this fall, I think the overall sentiment around ordering in has gone down in the country.” Commenting on the transition, Mukesh Bansal, Cure.fit founder said, “Making Eat.fit a separate entity will allow us to dedicate more time and resources in an efficient manner to make the business grow and deliver value to our consumers, and we hope that doing so can help us deepen our impact in the cloud kitchens and food delivery category in India.” Founded in 2016 by Mukesh Bansal and Ankit Nagori, cure.fit caters to living a healthy life through four critical dimensions — eat.fit, mind.fit, cult.fit and care.fit.

While cult.fit focuses on physical strength and fitness, eat.fit focuses on healthy and nutritious food, mind.fit on mental wellbeing and care.fit on integrated medical and lifestyle care. According to Inc42Plus estimates, the projected market size of cloud kitchens is expected to reach $1.05 Bn by 2023.

Who are the directors of CureFit?


NAME	DESIGNATION	APPOINTMENT DATE
SUDHIR KUMAR SETHI	Director	09 July, 2016	View other directorships
SUBRATA MITRA	Director	29 August, 2018	View other directorships
MUKESH BANSAL	Director	24 May, 2016	View other directorships
VANI KOLA	Director	09 July, 2016	View other directorships
RICHIN SANGWAN	KMP	22 February, 2023	No other directorships
VISHESH SHRIVASTAV	Director	31 March, 2020	View other directorships
SHAMIK DAS SHARMA	Director	31 March, 2021	View other directorships

Is CureFit a startup company?

While cult.fit caters to physical fitness, mind.fit is for mental wellbeing, eat.fit for healthy food, and care.fit looks at personalised healthcare services, including consultation and diagnostics. Legal Name : Curefit Healthcare Pvt Ltd Headquarters : Bangalore, Karnataka, India Business Model : Founding Date : Jul 2016 No.

of Employees : 1000+ Core Team 1. 2.

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