ETtech Deals Digest: Curefit, EatClub Brands raise funds

Health and fitness platform Curefit and cloud kitchen startup EatClub Brands were among the companies that raised funds this week.

Curefit raises $145 million in funding
Curefit Healthcare Pvt. Ltd., which operates fitness platform Cultfit, raised $145 million in a funding round led by food delivery company Zomato.


Accel, South Park Commons, Singapore-based investment company Temasek Holdings Ltd, a few individuals, and Curefit's cofounder Mukesh Bansal also participated in the fundraising according to regulatory filings sourced from business intelligence platform Tofler. Zomato infused $100 million, as part of its broader strategy to invest $1 billion in young firms. Bansal, who previously founded online fashion retailer Myntra, invested $5 million.

Curefit’s valuation now stands at about $1.25 billion, up from $800 million in March 2020.

BOX8 parent EatClub Brands bags funds
Cloud kitchen startup EatClub Brands - formerly known as BOX8 - picked up $40 million from New York-based investment firm Tiger Global.

The company has been valued at $340 million following the funding round, sources familiar with the deal said.

Mumbai-based EatClub Brands operates eight brands, including BOX8 and MOJO Pizza, and is present in five cities including Mumbai, Bengaluru and Pune. It operates 150 kitchens.

The company will use the funds to build its technology stack and expand to 500 kitchens in the top 15 cities over the next two years.

CollegeDekho raises $35 million
Online higher education platform CollegeDekho closed its Series B funding of $35 million to improve its offerings for students and colleges, both within India and abroad.

The round was led by Winter Capital, ETS Strategic Capital, Calega and existing investor Man Capital. Disrupt ADQ and QIC also came on board.

Founded in 2015, CollegeDekho offers a full range of services from profile building, test preparation, application assistance, university selection and visa assistance.

Adda247 lands $20 million in funding
Adda247, an edtech startup that offers courses for securing jobs in public sector banks, government departments and Indian Railways, raised $20 million in a funding round led by WestBridge Capital.

Its existing investors—including Info Edge (India) Ltd., Asha Impact and JM Financial—also participated in the fundraising. The new capital will be used by the company to strengthen its technology as well as for hiring in senior roles, according to a statement issued on Tuesday. It is also exploring potential acquisitions that can complement its existing offerings.

Its existing investors—including Info Edge (India) Ltd., Asha Impact and JM Financial—also participated in the fundraising. The new capital will be used by the company to strengthen its technology as well as for hiring in senior roles.