Temasek could reportedly invest in CureFit at a valuation of $800m, three years after UC-RNT Fund supplied $25m to the wellness services provider.
CureFit, an India-based healthcare and wellness services provider backed by UC-RNT Fund, has entered discussions with Singaporean state-owned investment firm Temasek to raise $100m, LiveMint reported yesterday.
The company is targeting a valuation of approximately $800m, up from $575m six months ago. The deal is expected to close within six to eight weeks according to a person familiar with the matter.
Founded in 2016, CureFit operates a network of fitness centres across 16 Indian cities called Cult.Fit. It…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
