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CureFit Lays Off 120 Employees In A Restructuring Exercise

Zomato-backed fitness startup CureFit has laid off around 120 employees in a restructuring exercise, aiming to streamline operations and improve productivity. The Bengaluru-based healthtech unicorn, which includes brands like Cultfit and Carefit, confirmed the development as part of its annual operating planning process. CureFit, founded by Mukesh Bansal and Ankit Nagori, entered the unicorn club in December 2021 after raising $145 million and has since acquired Zomato's fitness facility arm Fitso. The startup has raised over $600 million in funding to date.

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