Cure.fit in expansion mode, hopes to be profitable by next year

Hoping to hit $50-million in annual revenue by the end of next year, Mukesh Bansal- and Ankit Nagori-run health tech and fitness platform Cure.fit would be expanding its offline and online operations at a panIndian level.

While its offline expansion of gyms, healthy kitchens, and mind wellness centres would be curtailed to metropolitans, it would be providing more people with its online health services, which include providing goal-based health subscriptions and dietary consultations, among other things. The company hopes to reach a target of a million users by next year.

“A lot of the products would be offline and by the end of next year, we would be close to 400,000 paid users. However another half a million people would be accessing our products digitally. We plan to be active in only two or three cities by next year, but would be unveiling our online products throughout India. I think a million users across digital and physical should happen sometime next year,” Nagori said.

Cure.fit will invest around ~25 crore to expand its operations to Delhi-NCR and open five gyms in Gurugram and Delhi by the end of this year.

The company plans to take the total number of ‘Cult’ gyms to 75 by next year. The company is also setting up its meditation facilities, mind and wellness facilities under the Mind.fit vertical, as well as, eight kitchens in Delhi-NCR and Bengaluru for its healthy food vertical Eat.fit.