CureFit to launch Foodtech Incubator, will invest ₹35 crores in startups


motivate employees

8 Ways to Motivate Employees to Track Time

The importance of tracking time is undeniable, but the reality is it will likely be more important for those in charge of a business than the employees. This tool allows managers and owners to keep...


5 Situations Where You Would Need to Hire a...

Surveying is a huge industry nationwide. Nothing can be built without the input of a surveyor, not even roads. Surveyors even work in the map-making industry. Building surveyors work in both the residential and...

Bengaluru-based multi-brand health tech chain CureFit plans to launch an incubator that will invest ₹35 crores ($5 million) in new and emerging food brands under its Eatfit business. After registering an impressive growth last year, Curefit is investing heavily to diversify its business portfolio.

Another US-based VC firm Silicon Road also launched its food-tech accelerator in Mysuru, India in partnership with Paris-based NUMA accelerator.

CureFit plans to incubate 10 brands across food categories like snacks, beverages, spa food, supplements and meal replacement through its incubator. Eatfit will serve as a custom sales channel for the incubated food brands and provide shelf space to them as well. CureFit will help the startups with consumer insights, branding and R&D.

Eatfit currently caters 35,000 orders every day including packaged foods and juices which contribute around 12-15 per cent of Eatfit’s revenue. Founded by Mukesh Bansal and Ankit Nagori, the startup has raised ₹1,225 crores ($174.6 million) since its inception from venture capital firms like IDG Ventures, Accel Partners, Kalaari Capital, Axis Bank, and HDFC Bank.

CureFit recorded an eight-fold increase in its revenue for the FY18 while losses also jumped from ₹18 crores to ₹96.6 crores. At present, CureFit operates four products –, fitness advice as well as medicine delivery platform,, a mental wellness training platform,, healthy food and snacks retail chain, and, an app for physical fitness.

Curefit also has acquired about five startups in wellness space including Seraniti, a1000 yoga, Fitness First, The Tribe and Kristys Kitchen. The startup operates 100 CultFit outlets across Hyderabad, Delhi NCR and Bengaluru that caters to more than 1,00,000 customers. The startup plans to open 100 new centres by the end of this year in Dubai and 6 new cities in India.

So, what are your thoughts on this story?
Tell us in the comments.

Boost Your Knowledge. Subscribe & Learn Everything about the Indian Startup Ecosystem

Bijoy Bir
Bijoy is the author of the category "Accelerators & Incubators" under our "Resources" section. He has been writing for 4 years.


Please enter your comment!
Please enter your name here

Download Premium WordPress Themes Free
Download Nulled WordPress Themes
Download Premium WordPress Themes Free
Download WordPress Themes Free
udemy free download
download intex firmware
Download Nulled WordPress Themes

Receive Daily Funding Updates



* Terms & Conditions Apply