Former Flipkart executive Mukesh Bansal said Cult has a unique training model where the trainers mix and match various formats to deliver a holistic fitness regime. Photo: Hemant Mishra/MintBengaluru: CureFit, a healthcare and fitness start-up launched by former Flipkart executives Mukesh Bansal and Ankit Nagori, on Tuesday said it has acquired a controlling stake in Cult, which operates two fitness centres in Bengaluru, for $3 million. “Cult has a unique training model where the trainers mix and match various formats to deliver a holistic fitness regime,” Mukesh Bansal said in a statement. Mukesh Bansal and Nagori had resigned as commerce platform head and chief business officer, respectively, from Flipkart in February. In March, Mukesh Bansal and Nagori said they pooled in $5 million to launch a start-up in the area of healthcare and sports and fitness.

Source: Mint August 24, 2016 08:48 UTC