Companies raises $120 mn in fresh round of funding

PTI New Delhi | Updated on June 25, 2019 Published on June 25, 2019

Health and fitness start-up on Tuesday said it has raised $120 million (approx ₹832 crore) in a fresh round of equity and debt funding from existing and new investors.

Led by existing investors Chiratae Ventures (formerly IDG Ventures), Accel Partners, Kalaari Capital & Oaktree Capital, new investors Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank joined the fourth round of funding for the three year old startup, said in a statement.

The company said fresh investment will fund’s expansion plans in India and globally.

Founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, offers four flagship products - Cult.Fit, Eat.Fit, Mind.Fit and at present has over 180 centres, 35 centres and aims to grow this to over 800 centres by 2020. is servicing over 35K meals/day now and doubling every 3 months.

Published on June 25, 2019
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