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CureFit

cure.fit

Founded Year

2016

Stage

Series F | Alive

Total Raised

$679.4M

Valuation

$0000 

Last Raised

$145M | 2 yrs ago

Revenue

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+30 points in the past 30 days

About CureFit

CureFit offers products and solutions for preventive and curative healthcare, combining engagement, coaching, and delivery through a mix of online and offline channels. It was founded in 2016 and is based in Bengaluru, India.

Headquarters Location

#17/17C BDA 3rd Sector

Bengaluru, 560102,

India

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ESPs containing CureFit

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EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Digital Therapeutics & Wellness Tech

The holistic health & fitness coaching market focuses on improving overall health and wellness through a holistic approach. This market includes a range of providers, such as wellness coaches, fitness trainers, nutritionists, and alternative medicine practitioners. The market is driven by increasing interest in natural and alternative healthcare solutions, as well as a growing focus on preventive …

CureFit named as Highflier among 15 other companies, including Omada Health, Noom, and Added Health.

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Research containing CureFit

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned CureFit in 4 CB Insights research briefs, most recently on Aug 16, 2022.

Expert Collections containing CureFit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CureFit is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,214 items

F

Fitness Tech

1,344 items

This Collection includes startups developing software and technology to augment approaches to developing or maintaining physical fitness, including workout apps, wearables, and connected fitness equipment.

W

Wellness Tech

1,370 items

We define wellness tech as companies developing technology to help consumers improve their physical, mental, and social well-being. Companies in this collection play across a wide range of categories, including food and beverage, fitness, personal care, and corporate wellness.

T

Telehealth

2,856 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

Latest CureFit News

Next nine months will lead to company failures, shutdowns, down rounds: Gokul Rajaram

Mar 30, 2023

Synopsis ​​Rajaram, dubbed the ‘Godfather of Google's AdSense’, who later became product director of ads at Facebook, is also an angel investor in domestic startups with a portfolio comprising Cred, Curefit, and Whatfix. ETtech Gokul Rajaram, solo capitalist, operator and angel investor (Illustration: Rahul Awasthi) Silicon Valley-based Gokul Rajaram , a solo capitalist, operator and prolific angel investor who has backed 300 companies including online marketplace Faire, Figma (sold to Adobe for $20 billion), and collaboration software startup Airtable, said recently that founders should explore the option of shutting down startups that are unable to find product market fit (PMF) after having raised $10 million or so in funding. Rajaram, dubbed the ‘Godfather of Google's AdSense’, who later became product director of ads at Facebook, is also an angel investor in domestic startups with a portfolio comprising Cred, Curefit, and Whatfix, and an advisor for the likes of of Pine Labs, told ET in an interview that the next nine months will lead to company failures, shutdowns and down rounds. Edited excerpts: You tweeted recently that founders should be able to return capital if there is no PMF. Why do you think this isn’t being explored more widely? Is it because it threatens the VC model? It’s because in the past, founders only raised large rounds post-PMF and scaling companies post-PMF consumed capital. In 2020-21, several companies raised meaningful capital despite not having PMF, or having Covid-induced PMF that fell away post-pandemic, and once that demand fell away, lack of PMF was exposed. Now we have companies that have raised capital without a clear PMF. There is no playbook around what to do here because it’s a unique situation that never really happened before. Seeing what happened in the US tech ecosystem, you told me you were surprised this isn’t the case yet in India… (It’s) definitely surprising. They are still sitting on piles of cash and maybe have even cut costs so that they have a runway. I think they are waiting it out for some positive catalyst, which unfortunately might not be on the near-term horizon. Discover the stories of your interest You’ve been investing in India, too. Why hasn’t a massive correction not taken place here yet? A correction has to take place. It’s inevitable. Everyone is looking at each other to see who takes the first down round and see if it has an impact on their reputation among employees and other stakeholders. So, my message is — it’s ok. Do the down round. Your customers won’t care, and your employees will be happier. And you will be freed from the shackles of trying to live up to an unrealistic valuation. What’s right and wrong with India's tech ecosystem? Are valuations way ahead of ground realities? What’s right? Several incredible founders and companies building generational companies, not just serving India but global leaders. Postman is an example. I believe a good percentage of all engineers in the world use their platform. What’s wrong? Too many me-too companies being started, people founding or joining startups for the wrong reasons (money, fame) versus, to build something substantial. On valuations, any Series A or later valuations in 2020 and 2021 were far ahead of reality and need to be reset for a full cleansing of the ecosystem. What should Indian founders prioritise, especially the ones who haven’t been through a downturn? First off, make sure you’re working on a meaningful and large problem. Second, ensure that your value proposition and product is differentiated and not commoditized. If you feel good about these two, ensure you have capital for the next 18 months, to survive and continue building towards your vision. If either of these two is not true, consider an exit: pivoting, merging with a competitor or even shutting down the company and returning capital to investors. The opportunity cost of time wasted on building meaningless things is too high. What’s the big picture for India? India tech will have short-term bumps because of capital raising issues but the long-term future remains bright due to the growing scale of the Indian consumer. The long-term demographic shifts… favour India, and the lowering of barriers for software companies to reach customers everywhere. What would you watch out for over the next few months? I think the next nine months will lead to a ton of company failures, shutdowns and down rounds. And that is good. Only by cleaning out the excesses of each cycle can the new cycle begin. I think of this process (as) freeing entrepreneurs and talent from zombie companies and liberating them to start something new/afresh. How do you compare this downturn to all the cycles you’ve seen before? In 2000, it was purely tech focused, bubble bursting and Nasdaq, and mostly US. In 2007-08, it was much bigger and wide-ranging and global. I feel the current one is closer to 2000 than to 2008. That said, tech is such a big part of the economy with many of the highest market cap companies being in this sector. The economy is also being driven in many ways by tech and the industry is global and interconnected, which feels closer to 2008. What are founders telling you right now? How impacted are they with big tech companies resetting their businesses and downsizing workforce? What has been the mood after Silicon Valley Bank’s collapse? The seed ecosystem is very active right now - lots of high-quality founders coming out of Meta, Google, Amazon and other companies that have gone through layoffs. Also, Generative AI (Artificial Intelligence) has given a massive rallying cry and tech platform for companies to build on. SVB had a valuable role in the ecosystem as a tech-friendly/tech-first bank. Ask any company who’s dealt with them versus one of the big banks. The difference is palpable. What’s the investor accountability in this? Investors do share part of the blame, no doubt. I think all of us got a little drunk on the zero-interest rate phenomenon and overfunded companies with poor PMF/defensibility/unit economics. We are now experiencing the hangover after the party ends. But a hangover is needed to cleanse one's system. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Wednesday, 29 Mar, 2023 ITC Ltd chairman and managing director Sanjiv Puri said the company will accelerate investments, which had slowed during the pandemic, with a corpus of around ₹3,000 crore annually for the next few years, primarily for building manufacturing capacities and accelerating growth. Read More News on

CureFit Frequently Asked Questions (FAQ)

  • When was CureFit founded?

    CureFit was founded in 2016.

  • Where is CureFit's headquarters?

    CureFit's headquarters is located at #17/17C BDA 3rd Sector, Bengaluru.

  • What is CureFit's latest funding round?

    CureFit's latest funding round is Series F.

  • How much did CureFit raise?

    CureFit raised a total of $679.4M.

  • Who are the investors of CureFit?

    Investors of CureFit include Accel, Temasek, Mukesh Bansal, Zomato, South Park Commons and 39 more.

  • Who are CureFit's competitors?

    Competitors of CureFit include BetterYou, Wysa, Wellness, Fittr, HealthifyMe and 7 more.

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