Cure.fit gets $120 mn in series C funding from IDG, Accel led group

Proceeds will be used to strengthen firm's tech platform, build national brand and scale geographical footprint of four flagship products -- Cult.fit, Eat.fit, Mind.fit and Care.fit

Cure.fit, a health tech and fitness startup promoted by Myntra co-founder Mukesh Bansal and former Flipkart top executive Ankit Nagori, has raised $120 million from a clutch of investors led by IDG Ventures and Accel Partners.

The third round of funding for the two-year-old startup also saw participation from Kalaari Capital, Chiratae Ventures and Oaktree Capital.

The fresh investment will be utilized by Cure.fit to strengthen its technology platform, invest in building a national brand apart from scaling the geographical footprint of the company’s four flagship products, namely Cult.fit, Eat.fit, Mind.fit and Care.fit.

"Health is over $100 billion category in