Bengaluru: Less than a year after it raised $120 million, CureFit has received another infusion. The health and fitness startup has raised $75 million at over $500 million valuation in a series D round led by existing investors Accel Growth. This is the first tranche of the company’s ongoing series D round with lead investor Accel Growth pumping in around $30 million. The idea is to invest $5 million across 10-12 startups in the next two years as it looks to co-create products as well. The company last raised $120 million in June in a round led by Chiratae Ventures, Accel Partners and Kalaari Capital along with participation from Accel Partners US and Oaktree Capital.

Source: Mint May 07, 2019 05:26 UTC