Health-tech startup Curefit acquires yoga chain brand a1000yoga

Healthtech startup Curefit has acquired Bengaluru-based yoga chain a1000yoga for an unknown amount, the company said in a statement.

This is the third acquisition by the company. Earlier in March, Curefit had acquired Bengaluru-based premium online food delivery startup Kristys Kitchen in a cash and equity deal.

In February, it had picked up a majority stake in fitness centre chain The Tribe. The Bengaluru-based company had also invested in mental health and wellness platform Seraniti.

Speaking on the development, Ankit Nagori, co-founder of Curefit said that Yoga is growing as one of the most liked choices among our users. Once considered traditional and old practice, it is now quickly being accepted by new users.

Last year, CureFit had secured $3 million in a round of funding from the UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California. Three months later, it had raised $15 million in Series A from Accel Partners, IDG Ventures and Kalaari Capital.

Curefit claims to be available on the iOS and Android market hubs which offer three variants of fitness services – Cult.Fit, an app on physical fitness; Eat.Fit takes charge of healthy food; and Mind.Fit gives mental wellness training.

CureFit has planned to replenish two of the three centres of a1000yoga, which was founded by yoga teacher Pradeep Sattwamaya.

The Eat.Fit platform is currently available only to the corporate community, where employees can get healthy food delivered to their offices. It will also be available for the masses soon.

Curefit invested Rs 20 crore ($3 million) in Cult fitness in August 2016 for in exchange of stake. Cult fitness offers training programmes without equipment such as strength and conditioning, spinning, boxing, mixed martial arts, zumba and yoga at a high rise.

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