Cure Fit Live
Contents
What is HRX 22 workout?
What is HRX ? HRX is a Medium-Intensity workout, which helps in building core + full-body strength, muscle gaining, and mobility. A typical HRX fitness sessions last 40 mins, distributed within –
WarmupWorkout Introduction Workout 1 focused on the muscle groupWorkout 2 for Core strength Cool Down
Calories Burnt:400 Anyone from beginner to an advanced person can attend this session with no prior gymming experience required. We will provide weights and all the required equipment at the center. Leave your worries at home and burn those calories with us! Did you find it helpful? Yes No Sorry we couldn’t be helpful. Help us improve this article with your feedback. : What is HRX ?
Who owns CureFit?
Before setting up Curefit, Mukesh Bansal founded Myntra – which he later sold to Flipkart in 2014.
What is Netflix fitness?
What Is Netflix Fitness? – Netflix is a top video streaming service that is not usually mentioned in the same sentence as fitness. unless you’re watching the latest episode of Love Island while walking on your treadmill. But it might surprise you to learn that Netflix also offers a variety of fitness programs from Nike Training Club! The fitness programs are comprised of numerous classes (or episodes) and are available for all fitness levels. The classes range from quick 10-minute yoga sessions to 30-minute HIIT training. Of course, they’re all available to stream and take part in at no additional cost with an active subscription.
Does F45 get you fit?
How the studio describes it: – F45 Training combines elements of High-Intensity Interval Training (HIIT), Circuit Training, and Functional Training. This combination of interval, cardiovascular and strength training has been proven to be the most effective workout method for burning fat and building lean muscle,
Does Gymshark pay?
Average Gymshark hourly pay ranges from approximately $15.00 per hour for Analytics Intern to $32.40 per hour for Paid Search Manager. Salary information comes from 177 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
How much do fitness gurus make?
The average national salary for a personal trainer is $26.39 per hour. The geographical location of a personal trainer can impact their annual salary. Additionally, the amount of experience and the certifications they hold can influence how much a personal trainer makes.
Is CureFit a startup?
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.
Who owns Body Fit training?
BRING BFT’s SCIENCE-BASED TRAINING PROGRAM TO YOUR COMMUNITY – Founded in 2017 in Melbourne, Australia by fitness industry veteran Cameron Falloon, BFT offers a community-based 50-minute functional training and strength-based program across 13 workouts.
- BFT uses science and technology-based training techniques to drive individual member health goals in an inclusive, coach-led group environment.
- By combining cardio with resistance programs, members benefit from training a different energy system and different muscle types every day to diversify movement patterns that aim to reduce fat and create lean muscle.
Members get the very best, most effective workout by learning how to fully utilize the best-in-class equipment BFT offers, from barbells, squat racks, kettlebells, slamballs, plyometric boxes, and battle ropes, to resistance bands, Concept 2 SkiErg’s, RowErgs, and bikes.
What is the revenue run rate of Curefit?
The pandemic induced lockdown has eaten up the scale of the majority of hospitality and fitness companies in FY21 and this could be observed from the financial performance of Curefit during the last fiscal year. The Zomato-backed company had a tumultuous couple of years due to uncertainties and challenges caused by Covid-19 and has gone through several changes in its business model.
- That the fitness business including gyms have been among the last to get free rein to operate after pandemic inspired restrictions hasn’t helped matters at all.
- The Mukesh Bansal-led company has finally filed its annual statement for fiscal 2020-2021, during which its operating revenue shrank by 67.5% to Rs 161.4 crore as compared to nearly Rs 496 crore earned during FY20,
Curefit claims to operate more than 350 owned and partnered fitness centres in over 25 cities in India. During countrywide lockdowns in Q1 FY21, the company also launched its online fitness classes, offering paid fitness and nutrition courses to new and existing users. Vedansh Pratap | Entrackr Curefit’s food vertical had brought Rs 171 crore to Curefit’s coffers in FY20. It’s worth noting that the company’s food business: EatFit was hived off as a separate entity in October 2020. Revenue from the sale of food was reduced by 90% to only Rs 16.8 crore during FY21.
- The company also retails fitness apparel and merchandise under its brand Cultsport and has recently acquired fitness equipment RPM fitness, Fitkit, and Onefitplus and Urban Terrain in a bid to cement itself as a full-stack fitness D2C brand.
- Sales of fitness products are the only income segments that showed a jump in revenue, growing 2.2X YoY to Rs 12.85 crore during FY21 as people moved towards at home fitness equipment and merchandise.
Collections from healthcare diagnostics and other related services shrank by 63% to Rs 3.36 crore in FY21 from Rs 9.20 crore in FY20. The services-led business has employee benefit payments as the largest single cost, accounting for 28% of its annual expenditure. Vedansh Pratap | Entrackr As a result, these payments were reduced by 36% from Rs 328.57 crore paid in FY20 to Rs 210.8 crore in FY21. Importantly, around 26.2% of these payments i.e. Rs 55.2 crore were share-based payments(ESOP) in FY21 as compared to being only 14% of employee costs in FY20.
- The austerity measures employed by the management was clearly visible in its customer acquisition operation as the advertisement costs for the company were cut back by 65% YoY to Rs 83.09 crore in FY21 from Rs 239.5 crore spent in FY20.
- The company has lease financing agreements in place for the physical centres it operates and its total finance costs were reduced by 24% YoY to Rs 78.2 crore in FY21 due to the closure of several fitness centres across the country.
With the contraction of the scale of its Eat.fit food vertical, the cost of raw materials consumed was also reduced by 81% to only Rs 19 crore in Fy21 from Rs 101.7 crore in FY20. As the demand for fitness merchandise increased during the COVID year fiscal, procurement cost for equipment and apparel grew by 82% YoY to Rs 11.5 crore in FY21.
- The Bengaluru based company also employs health and fitness professionals to design its fitness and nutrition programs.
- Payments made to professionals and legal fees saw an overall reduction of 26% to Rs 73.90 crore in FY21 whereas IT expenses increased by 19% YoY to Rs 20.45 crore as the company increased its virtual presence.
With efforts to curtail costs across all verticals, management at Curefit managed to bring down its annual expenditure by 42.7% to Rs 756.4 crore from Rs 1319.3 crore spent in total during FY20. On a unit level, the company spent Rs 4.69 to earn a single rupee of revenue and managed to stay afloat during the pandemic hit fiscal 2020-2021. Shruti Gupta | Entrackr Even with restricted cash burn and offloading of the Eat.Fit business, the company lost Rs 671.7 crore during FY21 due to severe contraction in the scale of operations. EBITDA margins worsened from -183.85 in FY20 to -244.02% during FY21 as the company revamped its business model and went from a growth stage company with high cashburn to changing its business model in an effort to survive the pandemic. Shruti Gupta | Entrackr The company has received more than $175 million from Tata Digital and Zomato in 2021, which funded a series of acquisitions including fitness equipment brands and legacy fitness chains( Golds’ Gym) to revive its brand offering full-stack fitness solutions.
If there ever was a sour spot, as opposed to a sweet spot in a situation, Curefit found itself in it for all of FY21. The damage it has suffered has wiped out a huge amount of money and effort that had been invested previously, in the push to create and lead a category. Curefit’s best hope now is to hope for a full return to normalcy, as it seeks to make the most of the cards it has been dealt.
An unexpected advantage is the reduced competitive scenario, as thousands of smaller fitness centres and gyms shut down, many for good. Curefit, with its privileged access to a cap table of marquee investors, knows that it is lucky to have survived. The question is, can it make the most of the new market realities, especially as further fundraises will surely be more difficult?
