CureFit, Mukesh Bansal's new start-up, gets funding worth $15 million

Mukesh Bansal, the co-founder of Myntra, has bagged a funding for his new start-up called CureFit. The investment has come from a group of marquee investors, who had also backed his maiden venture.

The investors include Accel Partners, IDG Ventures India and Kalaari Capital, who all participated in the $15-million round, which also had an investment of $3 million by Mukesh Bansal himself.

As per the deal, the health and wellness start-up has been valued at about $50 million.

CureFit was founded by Bansal, after he quit Flipkart in March last year, in partnership with former colleague Ankit Nagori, and will open for business early next year.

"We aim to build an innovative product, which will help consumers manage their health proactively with the use of technology and data," Bansal told ET.

Bansal will be leading the product and technology development functions at the start-up, while Nagori will be in charge of business development and operations.

CureFit will offer products and solutions for preventive and curative healthcare to its users, combining engagement, coaching and delivery through a variety of both online and offline channels.

The start-up currently employs about ten people and expects to hire about 35-40 more people in the coming six months.

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