Health and fitness startup CureFit, which is founded by ex-Flipkart executives Mukesh Bansal and Ankit Nagori, has acquired a majority stake in Tribe Fitness Club for an undisclosed amount, reported ET.
Like Cult, the Bangalore-based company’s first acquisition, Tribe Fitness is a chain of fitness centres that provides training without using machines. Tribe Fitness, launched in June 2016 by Shwetambari Shetty, also has a fitness centre in the LinkedIn office in Bangalore.
“The Tribe isn’t just a gym. It’s a culture of healthy living where our dedicated trainers build a community that is motivated, energized and grows stronger and healthier everyday. Keeping you happy is what makes us happy,” says Shwetambari Shetty, who will now be joining CureFit’s management team.
CureFit was started by former Myntra and Flipkart executives Mukesh Bansal and Ankit Nagori. The two resigned in February 2016 and teamed up to launch a startup in the area of healthcare, sports and fitness, in March 2016. The startup which will launch its platform in 2017, has raised $15 Mn from Accel, IDG & Kalaari Capital.
CureFit plans to be a combination of engagement, coaching and delivery through a mix of online and offline channels addressing curative healthcare.
“We will continue to look out for partners and businesses who share our values and expand our portfolio. By the end of the year, we aim to be the largest fitness centre in Bangalore with 30 Cults,” said Ankit Nagori, founder of CureFit.
He further added, “Cult, with six centres, is profitable and has a overall customer base of 8,000 people.” Under CureFit, Bansal and Nagori have incorporated four companies – CureFit Logistics, New World Inventions, CureFit Healthcare and Curefoods -to build a platform comprising fitness, health food and other services.
Now, the Bengaluru-based company is looking at partnering with a path lab to tap into health test services and chefs to co-create a health menu.