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Xiaomi, Zomato, Urban Company, Zivame and more are hiring interns across profiles

<keyword id="8187544" type="COMPANY" weightage="20" keywordseo="tata-digital">Tata Digital</keyword>, a subsidiary of <keyword id="46894" type="PERSON" weightage="20" keywordseo="Tata-Sons">Tata Sons</keyword>, on Monday announced to invest up to $75 million in fitness startup <keyword id="3465872" type="COMPANY" weightage="20" keywordseo="curefit">CureFit</keyword>. <keyword id="705865" type="PERSON" weightage="20" keywordseo="Mukesh-Bansal">Mukesh Bansal</keyword>, CureFit Founder and CEO, will join Tata Digital as President, Tata Digital. In addition, he will continue in his leadership role at CureFit, the company said in a statement. "The CureFit partnership with its industry leading platform in fitness and wellness aligns very well with our overall healthcare proposition where fitness is increasingly becoming an <keyword id="1261040" type="PERSON" weightage="20" keywordseo="integral-part">integral part</keyword> of a consumers' life," said <keyword id="161053" type="PERSON" weightage="20" keywordseo="N-Chandrasekaran">N. Chandrasekaran</keyword>, Chairman Tata Sons. Tata Digital set up its operations in August 2019, to build consumer centric digital businesses for deep consumer engagement and their needs across multiple verticals. On the other hand, CureFit is a leading player in a fitness and wellness market that is growing at 20 per cent per annum and is expected to reach $12 billion by 2025. Before the today's announcement, CureFit had raised nearly $418 million. "Being part of Tata Digital will enable us to nationally scale up our offerings for our customers. Tata Digital has highly inspiring vision to create next generation consumer platform and I am very excited to be part of Tata Digital team that is shaping this vision," said Bansal. Curefit offers a holistic range across fitness and yoga, mental wellbeing, healthy meals, and consultations, diagnostics as well as personal training. "Tata digital partnership will significantly accelerate Cure.fit's growth as a fitness and wellness leader and it will open up access to large set of new consumer base," said <keyword id="145348" type="PERSON" weightage="20" keywordseo="Sudhir-Sethi">Sudhir Sethi</keyword>, Chairman Chirate Ventures from CureFit board. SEE ALSO: <a href="https://www.businessinsider.in/india/news/heres-why-fuel-prices-in-india-may-not-come-down-in-a-big-way/slidelist/83299743.cms">Here’s why fuel prices in India may not come down in a big way ⁠— at least not this year</a>

Tata Digital to invest $75 million in fitness startup CureFit

<ul><li>As the whole country became more health-conscious and ‘immunity’ became the talk of town after COVID, Indian <keyword id="3224780" type="PERSON" weightage="20" keywordseo="Healthtech-startup">healthtech startup</keyword> <keyword id="4506924" type="PERSON" weightage="20" keywordseo="cure-fit">Cure.Fit</keyword> added 1.5 million users post-pandemic. </li><li><keyword id="4157434" type="PERSON" weightage="20" keywordseo="naresh-krishnaswamy">Naresh Krishnaswamy</keyword>, Growth &amp; Marketing Head, Cure.Fit speaks to us about fitness industry’s future, Cure.fit’s growth trajectory, changing consumer sentiment, and goals for 2021. </li></ul>Health, immunity and fitness have become one of the top concerns for Indian consumers post COVID-19. And those who were already battling with other problems like anxiety or depression—have found their stress levels kicking through the roof and struggles intensified. Fitness apps and on-ground gyms rose to the occasion by shifting their focus online and providing personalised services based on different body types. With this, the Indian healthtech space saw a surge in user traffic and became a part of the new normal. According to Valuates Report, the Global Fitness App Market size is expected to grow from $3,312.58 Million in 2019 to $13,016.77 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 25.61%. As the demand for healthier living records a drastic rise, Cure.fit is aiming to occupy 50% of the offline fitness market in a few years. After the pandemic, Cure.fit added 1.5 million and out of these 1.5 million, 1 million users joined the platform during the lockdown in April and May. Elaborating on the growth trajectory during lockdown, Naresh Krishnaswamy, Growth &amp; Marketing Head, Cure.Fit said, “The spike came in a very big way, in the two, three months post lockdown. We used to have about 250,000 paid subscribers on Cult and within a matter of two months, we were able to get 1 million completely new customers to try the digital products, which was quite heartening to see. And we launched a paid version of the product only in May. So this 1 million base that tried our product was free, and eventually, we've managed to acquire about 100,000 paid subscribers on specifically our <keyword id="10404706" type="UNKNOWN" weightage="20" keywordseo="fitness-digital-offerings">fitness digital offerings</keyword>.” Transition from lockdown to unlock Cure.fit was quick to realise that digital was here to stay and focused on improving its app to woo its users. It launched 10-12 new online services during the lockdown period to help its users transition from offline to online. Sharing how the lockdown impacted its business, Krishnaswamy said, “We always had this vision that at some point, digital fitness will become important, but the first implication was making that product live immediately. Later, there was a good shift over to lots of forms of digital health like fitness class online, consulting doctors, nutritionist. So the next thing, we launched a huge bunch of products in the April-May timeframe to leverage the fact that people now don't have access to many of these services offline, and will want to consume them digitally. We had to reimagine all of us services, whether it's mental wellness, primary care or fitness. We realised that digital is going to grow massively. We also did a lot of marketing around that time with celebrity classes and some television ads, etc. ” While the offline fitness industry hit a major roadblock during the lockdown, Cure.fit started planning for its comeback. It focused on improving its strategy for offline services and once the country started walking again, Cure.fit sped up the pace at which the industry is evolving. “We decided to focus squarely on two things. One, our offline fitness business: how do we preserve it? And second, once we are allowed to reopen, how do we grow faster? And how do we take advantage of industry as well, because right now a lot of people will have concerns on physical centers, safety, quality, etc. So we felt that was a great opportunity for us as a brand to expand physical centers once the time is right because there'll be a lot of customers wanting to join in and looking for better quality of service. While the fitness business has taken a temporary sabbatical, we potentially can come back a lot stronger, which is something that we are seeing as well because we have grown so much in a short time,”said Krishnaswamy. However, consumer demographics adopting digital services were different than offline. More women felt safer to use digital services and boomers used yoga and doctor consultation services. So, Cure.Fit also pivoted its marketing strategy to speak to a wider set of audience and its media plan did not change much as it has always been a digital-heavy company. On how the demographics have changed after lockdown and new surge in users, Krishnaswamy said, “With digital products, to acquire customers from everywhere around the country, we had to change our marketing strategy to target a wider audience base. Young people are more comfortable with gyms and with digital, any walk in age could consult a doctor or do a yoga workout. So, there's a bit of a change in what kind of segments of customers we see -- whether it is age, city, gender, income groups. Our gyms are fairly expensive, like 18,000 rupees a year and digital products are a lot cheaper, which has given us more access to other economic segments of customers as well.” Now that gyms have opened up, Krishnaswamy told us that around 35% of customers are coming back to gym. However, smallers gyms that don’t have the resources for following government protocol and winning consumers with a marketing campaign, are still struggling. Fitness enthusiasts are, therefore, choosing the gyms they can trust. “I think one thing is clear is that a lot of people are waiting to come back to the physical centers. And the reason being, they are missing working out with the equipment with a social group. There are, of course, a good number of people that want to come back, but are just waiting for the right time. So broadly, you can assume that about 30-35% of people have come back. There is a section of the population that is just saying that they'll wait for the vaccine. We didn't expect anything different. We also spoke to a lot of local gyms, they are not seeing as much recovery as Cult and that is because of our ability to communicate safety to users and fine equipment. So, we have been seeing a good influx of new users for offline gyms as well because they trust us,” said Krishnaswamy. Future of <keyword id="7829777" type="UNKNOWN" weightage="20" keywordseo="Cult-Fit">Cult.fit</keyword> and the fitness industry In the future, Cult.fit is going to focus on improving its online group classes, polish its hybrid model and consolidate local gyms under its network. It is aiming to aggregate demand for all its gyms by giving its members access to different kinds of equipment and training across the city they live in through one pass. The model is in process and soon to be launched in Bangalore. Explaining its consolidation plan, Krishnaswamy said, “At Cult, we want to now participate in the overall offline fitness business. We have predominantly been doing group classes, and disrupted the gym model with that but we want to get into gyms as well because there's a segment of people who want to do machine-based workouts. So, we are tying up with a lot of gyms. We are going to create a one membership card, which gives you access to all the good quality gyms in your city. For example, you buy a membership in Bangalore, you'll have 14-15 options in the same city you can go to. As a user, you may decide to attend a few gyms that have good equipment one day and go to another gym that offers great Zumba classes. It just gives users a tremendous amount of choice and freedom.” Cure.fit will also resume its expansion plan later next year once the world starts inching towards normalcy or demand comes back to 50%. Meanwhile, it is focusing on improving the quality of online workouts and investing in technology to identify different body types and body movements as users workout. Throwing some light on the company's tech model, Krishnaswamy said, “In our digital product, with the user's permission, the camera turns on and it can detect your movements and give you an Energy Score. We are investing behind that. In the future, if you're working out in front of a screen, with your permission, our software can calculate what number of reps you've done, or it can correct your posture, etc.” As we enter 2021, Cure.fit’s focus will be on reviving its business and winning in the offline fitness business and gym aggregation. It aims to onboard 300-400 gyms by the end of next year into its network. Sharing the company’s vision, Krishnaswamy said, “We want to stay in a dominant market share of all kinds of fitness. So our ambition is to gain 50% market share of all forms of fitness in the next few years. That will happen if we expand our current Cult centers and aggregate a large number of gyms on our platform. That means a big change from what we've been doing so far, which is focusing only on online to now focusing on gyms as well. Also, I think it's not enough to just partner with gyms. We are working very closely with these gyms to improve their safety and quality of housekeeping, trainer and equipment, etc.”

Cure.fit wants to dominate the fitness industry, here is its roadmap behind its vision

<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>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

<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

The startup boom in <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>, which some say peeked in 2015, is still looked at as the key to innovation and entrepreneurship in the country. Analysing these <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword>, <keyword id="28120" type="CITY" weightage="20" keywordseo="Linkedin">LinkedIn</keyword> published the 2018 LinkedIn Top Startups List for India. The world’s largest professional network looked at actions taken by more than 50 million professionals on the site and came up with a list of the 25 most attractive startups where people want to work. <keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword>, India’s largest hospitality company, tops the list. Their aggressive expansion plan has led them into Malaysia, China and the UK in just the last 9 months. Currently the company is in conversation to raise $1 billion which will bring its total valuation to over $4 billion. The health and wellness startup, <keyword id="4506924" type="PERSON" weightage="20" keywordseo="cure-fit">Cure.fit</keyword> came in second, which isn’t really a surprise considering they offer their employees unlimited leave, fixed increments every six months and a concierge service for personal tasks. It’s followed by <keyword id="6890164" type="UNKNOWN" weightage="20" keywordseo="dunzo-in">Dunzo.in</keyword>, a concierge services venture, in third place. That being said, Dunzo.in isn’t pan-India yet and only has services available in Pune, Bangalore and Gurgaon. While the list is extensive, there is no set trend to what sector of startups people prefer. <div type="image" title="Orange and Black Vector Job Fair Flyer" tempid="251815" msid="65866696" hostid="261"></div>

 Unicorn club Other than OYO, Rivigo and Udaan.com are two other startups on the list that are near unicorn status. Rivigo, a logistics startup, is almost at $1 billion after recently raising an additional $50 million in funds. Udaan.com is leading the pack, according to the report, with it being valued at over $ 1 billion after its round of September fundraising. Employee engagement matters Some of the startups on the list have made it there because they recognise that it’s important for employees to feel a sense of ownership. For instance, OYO ensures that all new hires are exposed to actual business problems from their first day at work so that they understand their responsibility and accountability. Razorpay, on the other hand, has a unique regulation where every team member has to take fours hours of customer support calls, regardless of seniority or role. Other companies employ innovative appraisal methods instead. Jumbotail, for example, flouts the norm by giving 80% weightage to peer feedback and only 20% to manager feedback while looking at annual reviews. The startups on this list have been measured across four pillars - employment growth, engagement, job interest and top talent. While a lot of disruptive and new startups made it to the list, older names like Flipkart, Swiggy and BigBasket are missing.

These are the 25 most sought after startups in India: Report

<keyword id="705865" type="PERSON" weightage="100" keywordseo="Mukesh-Bansal">Mukesh Bansal</keyword>, the co-founder of Myntra, has bagged a funding for his new start-up called <keyword id="3465872" type="UNKNOWN" weightage="100" keywordseo="curefit">CureFit</keyword>. 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 <keyword id="2350508" type="COMPANY" weightage="100" keywordseo="Ankit-Nagori">Ankit Nagori</keyword>, 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 <a href="http://economictimes.indiatimes.com/small-biz/startups/mukesh-bansals-new-startup-curefit-bags-15-million-funding/articleshow/53053515.cms">ET</a>. 
 
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. 
 
<a href="http://d152j5tfobgaot.cloudfront.net/wp-content/uploads/2016/02/kstart-eventpics-04.png">Image source</a>

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

<keyword id="3465872" type="UNKNOWN" weightage="100" keywordseo="curefit">CureFit</keyword>, a <keyword id="607210" type="UNKNOWN" weightage="100" keywordseo="healthcare-startup">healthcare startup</keyword> founded by former Flipkart executives, is in talks with <a href="http://www.businessinsider.in/searchresult.cms?query=Ratan+Tata&amp;sortorder=effectivedate">Ratan Tata</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=Bollywood&amp;sortorder=effectivedate">Bollywood</a> actor <a href="http://www.businessinsider.in/searchresult.cms?query=Hrithik+Roshan&amp;sortorder=effectivedate">Hrithik Roshan</a>, as they plan on investing in the venture. 
 
The year-old startup has raised about $20 million so far and counts venture capital firms Kalaari Capital, Accel Partners and IDG Ventures as investors. 
 
Roshan wants to take an equity stake in the company. “This partnership will mostly be a cash-plus-equity deal,” Roshan, who worked with Bansal in Myntra for his lifestyle brand HRX, told ET. The deal is expected to be finalised in the next few months. 
 
According to two officials, Tata’s new venture fund with University of California Investments is also in talks to invest in CureFit. Tata is already an angel investor in CureFit and the fresh investment could be a part of the new round of $15-20 million, which the startup plans to raise this year, they said. 
 
“He (Tata) came as an angel investor right at the time when we were incorporating the company,” said Ankit Nagori- founder of CureFit, without commenting on a possible follow-on investment by Tata through the fund. 
 
Roshan, along with his fitness instructor, has designed a signature workout style under HRX brand, Xfit, which will be launched officially next month in the startup’s gym centre, Cult. 
 
However, both the deals aren’t finalized yet. 
 
While online fashion firm Myntra is tying up with celebrities to help consumers wear their style, CureFit is using a similar technique in the fitness world, experts said.

This startup founded by ex-Flipkart employees is soaring high; Ratan Tata, Hrithik Roshan to fund it

<ul><li><keyword id="3526030" type="General" weightage="20" keywordseo="fino-payments-bank" source="Orion">Fino Payments Bank</keyword>’s IPO was oversubscribed by 2x.</li><li>The payment bank’s IPO was launched on October 29, 2021.</li><li>The company raised ₹1,200 crore through this public issue.</li></ul>Navi Mumbai-based fintech company Fino Payments Bank will make its debut on the stock market at 10:00 a.m., today, November 12, after its initial public offering (IPO) was oversubscribed by 2.03 times. Fino Payments Bank will be the first payments bank to get listed on the stock exchanges, that too while making profits. The company received a<a href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-ipo-allotment-is-tomorrow-november-9/articleshow/87577397.cms"> good response from the investors</a> during its IPO. The portion reserved for retail investors was oversubscribed by 5.92 times on the last day of IPO bidding, on November 2. Fino Payments Bank’s IPO was launched on October 29, 2021. The demand from non-institutional investors, which includes companies as well as high net-worth individuals (HNI), was pretty low and the portion reserved for them was only subscribed 21%. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.64 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.21 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.92 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.03 times </td></tr></tbody></table>Source: Stock Exchange Fino Payments Bank raised ₹1,200 crore through this public issue. Of this, ₹300 crore was through fresh issue and ₹900 crore was through offer of sale, which provided partial exits to company’s existing investors. The company will use the net proceeds from the fresh issue to augment its tier-I capital base to meet its future capital requirements. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomatos-investment-turns-curefit-into-indias-36th-unicorn-of-2021/articleshow/87640767.cms" data-type="tilCustomLink">Cult.fit’s parent company Curefit is the 36th unicorn in town</a> <a href="https://www.businessinsider.in/business/corporates/news/zomato-has-closed-all-international-operations-in-uk-us-singapore-and-lebanon/articleshow/87639773.cms" data-type="tilCustomLink">Zomato has officially pulled out of all international markets</a> <a href="https://www.businessinsider.in/business/corporates/news/nykaa-is-now-bigger-than-coal-india-britannia-irctc-and-almost-double-of-hero-motocorp/articleshow/87635312.cms" data-type="tilCustomLink">Nykaa is now bigger than Coal India, Britannia, IRCTC and almost double of Hero MotoCorp</a>

India’s first profitable payment bank is going to list today — here’s all you need to know

New Delhi, The newly inducted <keyword id="6381048" type="UNKNOWN" weightage="20" keywordseo="rafale">Rafale</keyword> fighter <keyword id="6385716" type="UNKNOWN" weightage="20" keywordseo="aircraft">aircraft</keyword> will feature in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>'s <keyword id="74926" type="PERSON" weightage="20" keywordseo="Republic-Day-parade">Republic Day parade</keyword> on January 26 and culminate the flypast by carrying out the 'Vertical Charlie' formation, the <keyword id="15141" type="COMPANY" weightage="20" keywordseo="Indian-Air-Force">Indian Air Force</keyword> (IAF) said on Monday. In the 'Vertical Charlie' formation, the aircraft flies at low altitude, pulls up vertically and conducts rolls before stabilising at higher altitude. "The flypast will culminate with a single Rafale aircraft carrying out a 'Vertical Charlie' formation," said Wing Commander Indranil Nandi. A total of 38 IAF aircraft and four planes of the <keyword id="6354416" type="COMPANY" weightage="20" keywordseo="Indian-Army">Indian Army</keyword> will participate in the flypast on January 26, he said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-rakesh-jhunjhunwala-backed-nazara-technologies-is-preparing-for-its-big-ipo-debut/articleshow/80321946.cms">The startup behind Chhota Bheem, Motu Patlu and Shikari Shambhu is back with an IPO plan ⁠⁠— after a series of acquisitions and fundraisings</a> <a href="https://www.businessinsider.in/stock-market/news/heres-what-analysts-have-to-say-about-the-4634-crore-indian-railway-finance-corporation-irfc-ipo/articleshow/80323479.cms?upcache=2">The ₹4,600 crore IPO from IRFC is ‘attractive,’ and the best thing about the borrowing arm for Indian Railways is the assured margin</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-apply-for-indian-railway-finance-corporation-irfc-ipo/articleshow/80327303.cms">How to apply for IRFC IPO? Check the details and online application process here</a> <a href="https://www.businessinsider.in/business/startups/news/cure-fit-strengthens-its-us-offering-by-acquiring-digital-trainer-and-workout-app-onyx/articleshow/80326857.cms">Cure.fit strengthens its US offering by acquiring digital trainer and workout app Onyx</a>

You Searched For "curefit" and got 11 results

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

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

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

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

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This startup founded by ex-Flipkart employees is soaring high; Ratan Tata, Hrithik Roshan to fund it

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India’s first profitable payment bank is going to list today — here’s all you need to know

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Rafale fighter aircraft to feature in Republic Day parade for first time

PTI

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