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<ul><li>Cult.fit fitness center which is run by the startup Cure.fit, will now open five spaces in <keyword id="23412" type="CITY" weightage="20" keywordseo="Jammu-Kashmir">Jammu &amp; Kashmir</keyword>. </li><li>The Indian government recently scrapped Article 370, separating Jammu &amp; Kashmir and Ladakh and turning them into union territories.</li><li><keyword id="3465872" type="PERSON" weightage="20" keywordseo="curefit">Curefit</keyword> was founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart Chief Business Officer Ankit Nagori. </li></ul>Indian fitness startup Cure.fit which runs fitness chain Cult.fit, is now all set to open five centres in the newly formed of union territory of Jammu &amp; Kashmir. This comes in days after the Indian government brought the valley under its rule, and divided the state into two union territories. It also scrapped Article 370 and Article 35A which were holding back investments as it forbid anyone who isn’t a Kashmiri, from owning land in the valley. Now, that situation has changed. “We are happy to announce our foray into the newly created union territory of Jammu &amp; Kashmir through cult.fit fitness centres. The recent announcement from the Government of India potentially opens up opportunities for our business growth and also create job opportunities. We intend to foray with five cult.fit fitness centres and keep on working to expand our offerings,” said Ankit Nagori, co-founder, cure.fit. Curefit was founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart Chief Business Officer Ankit Nagori. It has fitness centers under the <keyword id="6825388" type="UNKNOWN" weightage="20" keywordseo="cultfit">Cultfit</keyword> brand and a health app called Curefit. It also has diagnostic centers called Carefit and yoga and meditation centers called mindfit. In three years, the startup registered 4 lakh users for curefit, with 180 centers across Bengaluru, Delhi NCR, Mumbai and Hyderabad. All these provide an annual revenue of $100 million. The company now plans to grow to 800 centers by 2020. See Also: <a href="https://www.businessinsider.in/indian-government-is-recruiting-1300-engineers-and-architects-for-jammu-and-kashmirs-metro-project/articleshow/70582043.cms">Indian government to ‘reorganise’ Jammu and Kashmir — plans to hire 1,300 engineers for its first Metro project</a>

Cult.fit will now open 5 centers in the newly formed union territory of Jammu & Kashmir

<ul><li><keyword id="3465872" type="PERSON" weightage="20" keywordseo="curefit">Curefit</keyword> has raised $75 million in the first tranche of series D round of <keyword id="6357455" type="UNKNOWN" weightage="20" keywordseo="Funding">funding</keyword>. </li><li>Its range of investors now include <keyword id="192487" type="PERSON" weightage="20" keywordseo="Anand-Piramal">Anand Piramal</keyword> Trust, Accel Partners, Kalaari Capital, IDG Ventures among others. </li><li>This takes the startup’s reported valuation to $500 million. </li></ul>Health and fitness startup Curefit has raised $75 million in a series D round. According to the filing sourced by Paper.vc, the investment was raised from Accel Partners, Anand Piramal, Kalaari Capital, IDG Ventures India and Pratithi Investment Trust. While the investment is a first tranche of a series D round, Curefit’s <a href="https://www.livemint.com/companies/start-ups/curefit-raises-75-million-valuation-crosses-500-million-1557206291458.html">reported</a> valuation with the recent fundraise goes up to $500 million. Curefit has not released an official statement regarding the fundraise. Curefit, founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart Chief Business Officer Ankit Nagori, has gained popularity in India through its fitness centres - <keyword id="6825388" type="UNKNOWN" weightage="20" keywordseo="cultfit">Cultfit</keyword>, health app - Curefit, diagnostic centres - Carefit and yoga and meditation centres - mindfit. The duo’s success with their previous businesses seems to have rubbed off on their current venture too. In just three years, the startup has registered 4 lakh users for curefit, with 160 centres across Bengaluru, Delhi NCR, Mumbai and Hyderabad – all adding up to an annual revenue of $100 million. Curefit had last raised funding of $120 million in July 2018. Earlier, it had also raised funding from Bollywood actor Hrithik Roshan, who had been signed as the brand ambassador for the fitness startup in 2017. Roshan had <a href="https://inc42.com/buzz/hrithik-roshan-pours-in-878-2k-in-fitness-startup-cure-fit/">reportedly </a>invested $14.63 million in the startup. Since its inception, Curefit has acquired 5 <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> in the <keyword id="245935" type="ORGANIZATION" weightage="20" keywordseo="Health-and-Wellness">health and wellness</keyword> space, and has been fast growing its business. The Bengaluru-based startup has also been <a href="https://tech.economictimes.indiatimes.com/news/startups/cure-fit-plans-to-enter-dubai-as-local-business-achieves-critical-mass/67579215">looking</a> at opportunities to go global with Dubai and Southeast Asian countries. See Also: <a href="https://www.businessinsider.in/healthifyme-indias-top-rated-healthapp-on-playstore-is-set-to-turn-profitable-this-year/articleshow/68900244.cms">This startup helping 9 million Indians lose weight may soon turn profitable</a> <a href="https://www.businessinsider.in/world-health-day-india-needs-laws-to-protect-online-medical-data/articleshow/68771225.cms">India has millions of medical records online but no law to keep the data safe</a>

Three-year old Curefit clocks in $100 mn in revenue and over $245 mn in total funding

<keyword id="542865" type="General" weightage="50" keywordseo="indian-institute-of-technology-madras" source="Orion">Indian Institute of Technology Madras</keyword> (IITM) on Monday said it has generated Rs 1,081 crore from sanctioned projects and consultancy during 2021-22. According to IITM, the over Rs 1,000 crore consists of Rs 768 crore in funds from projects sanctioned by the State and Central Governments and Rs 313 crore in industry consultancy. These collaborations are facilitated by a dedicated team at the Centre for Industrial Consultancy and Sponsored Research (IC &amp; SR), <keyword id="6356755" type="General" weightage="100" keywordseo="iit-madras" source="Orion">IIT Madras</keyword>, which is headed by Prof. <keyword id="3807344" type="General" weightage="50" keywordseo="manu-santhanam" source="Orion">Manu Santhanam</keyword>. The major projects that drove the surge in funding during 2021-22 include: 'Education through Information and Communication Technology using Direct-to-Home (DTH)' headed by Prof. K. Mangala Sunder and Prof. Arun Tangirala - Rs 300.28 crore; 'Centre of Excellence for Road Safety (CoERS)' headed by Prof. Venkatesh Balasubramanian - Rs 99.5 crore; '<keyword id="15392539" type="General" weightage="50" keywordseo="speech-technologies" source="Orion">Speech Technologies</keyword> in Indian Languages' headed by Prof. <keyword id="2732" type="General" weightage="50" keywordseo="hema" source="Orion">Hema</keyword> A Murthy - Rs 50.6 crore and 'Collecting Datasets and Benchmarks for Building Indian Language Technology' headed by Dr Mitesh Khapra - Rs 47 crore. V. Kamakoti, Director, of IIT Madras, said, "The performance of the Centre for Industrial Consultancy and Sponsored Research is very encouraging and perfectly aligned with the Strategic Plan of IIT Madras. This is a reflection of our increased interaction with funding agencies and industry." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-recalls-9925-cars-in-india-over-a-defect-in-the-rear-brake-assembly-pin/articleshow/95198499.cms">Maruti Suzuki recalls 9,925 cars in India over a defect in the rear brake assembly pin</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/boat-joins-cult-fit-to-launch-at-home-workout-programme/articleshow/95199482.cms">boAt joins cult.fit to launch at-home workout programme</a>

IIT Madras generated ₹1,081 crore from govt projects and industry consultancy in 2021-22

<ul><li>Indian health startup cure.fit has raised $120 million in a series D round. </li><li>In May, Business Insider reported that cure.fit had raised $75 million in the first tranche of the round. </li><li>Cure.fit now plans to take up its centres from 180 to 800 in India and Dubai.</li></ul>Indian health and fitness startup cure.fit has raised $120 million in a Series D round of funding. In May 2019, a paper.vc <a href="https://www.businessinsider.in/curefit-raises-75-million-from-anand-piramal-accel-partners-and-others/articleshow/69215063.cms">report </a>said that the startup raised $75 million in the first tranche of the series D round. <keyword id="3465872" type="PERSON" weightage="20" keywordseo="curefit">Curefit</keyword> was founded in 2016 by Myntra co-founder <keyword id="705865" type="PERSON" weightage="20" keywordseo="Mukesh-Bansal">Mukesh Bansal</keyword> and former Flipkart Chief Business Officer Ankit Nagori. It has fitness centres under the Cultfit brand and a health app called Curefit. It also has diagnostic centres called Carefit and yoga and meditation centres called mindfit. "Leveraging deep tech and strong on-ground network, we aspire to service over 100 million consumers over the next 10 years," said Bansal. In three years, the startup registered 4 lakh users for curefit, with 180 centres across Bengaluru, Delhi NCR, Mumbai and Hyderabad. All these provide an annual revenue of $100 million. The company now plans to grow to 800 centres by 2020. The startup has also expanded its operations to Dubai. This recent round was led by Chiratae Ventures, Accel Partners, Kalaari Capital &amp; Oaktree Capital, while new investors like Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank too chipped in. Curefit’s <a href="https://www.livemint.com/companies/start-ups/curefit-raises-75-million-valuation-crosses-500-million-1557206291458.html">reported</a> valuation is pegged at $500 million, after the latest fundraising. Earlier, the startup also raised funding from Bollywood actor Hrithik Roshan, who is also the brand ambassador since 2017. Roshan had <a href="https://inc42.com/buzz/hrithik-roshan-pours-in-878-2k-in-fitness-startup-cure-fit/">reportedly </a>invested $14.63 million into the startup. See Also: <a href="https://www.businessinsider.in/curefit-raises-75-million-from-anand-piramal-accel-partners-and-others/articleshow/69215063.cms">Three-year old Curefit clocks in $100 mn in revenue and over $245 mn in total funding</a>

Cure.fit raises $120 million in a series D round of funding

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You Searched For "cultfit centres" and got 4 results

Cult.fit will now open 5 centers in the newly formed union territory of Jammu & Kashmir

Sanchita Dash

Three-year old Curefit clocks in $100 mn in revenue and over $245 mn in total funding

Sanchita Dash

IIT Madras generated ₹1,081 crore from govt projects and industry consultancy in 2021-22

IANS

Cure.fit raises $120 million in a series D round of funding

Sanchita Dash

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