Ex-Flipkart execs raise $15 million

Bengaluru, July 4: The two former executives of Flipkart, Mukesh Bansal and Ankit Nagori, have raised $15 million in series A funding from Accel Partners, IDG Ventures and K ala ari Capital for their healthcare start-up Cure Fit.

Tobe launched in 2017, Cure Fit will be a platform which will enable the users to manage their health proactively through a gamut of service offerings. Cure Fit will bean combination of engagement, coaching and delivery through a mix of online and offline channels.

Mukesh Bansal said, “Healthcare is one of the largest growing segments in India and will be $280 billion by 2020. We aim to build out an innovative product which will help the consumers manage their health proactively with heavy use of technology and data.We are building the best technology team in the country to drive disruption in this space.”

MukeshB an sal was the head of marketplace while Ankit Nagori was the chief business officer at Flip kart. Both of them left the organisation in February this year. Bansal was first the founder of Myntra which was later merged with Flip kart.

On the new venture, Ankit Nagori said, “Currently there are multiple service offerings available in the market in a fragmented manner, but none of them lets users manage their health needs end to end. CureFit is end to end solution that will enable users to take full control of their health to improve the quality of life and reduce long term healthcare costs .”

According to a release, the investors have worked with the founders at Myntra & Flipkart and would be looking forward to replicate the previous success.

Subrata Mitra, Partner, Accel Partners said, “We believe that proactive health management is a large space, and requires the right mix of online & offline expertise to master, which we believe this team can effectively put together. It’s a complex problem, and therefore needs the right entrepreneur to address.”Vani Kola, MD, K ala ari Capital will join on the board of the company.