Health and fitness startup CureFit has acquired integrated mental wellness platform Seraniti for an undisclosed amount
Bengaluru, 20th Nov, 2018. RedNewswire/-
Post the acquisition, Seraniti’s will be rebranded as mind.fit. Through the acquisition, Cure.fit, which has been an investor in Seraniti since 2016, will have over 70 centres for this vertical and will gain Seraniti’s team of 15 therapists and its 8,000 customers. It has integrated Seraniti, operated by Samvida Healthcare Pvt. Ltd, with its mental wellness vertical Mind.fit.
Seraniti was founded in 2016 by mental health practitioner Shyam Bhat. It offers psychotherapy services through 15 in-house professionals. Its team surveys the users’ necessity and matches them to the correct therapist. Users would then be able to book an appointment. Seraniti claims it undertakes around 500 sessions every month in Bengaluru and Pune.
Ankit Nagori, cofounder of Cure-.fit, did not disclose the deal size, but said the company paid off the angel investors who had invested in Seraniti. While Cure.fit has been scaling its fitness chain Cult and food business Eat.fit rapidly, with an annualised revenue runrate of Rs 200 crore and Rs 100 crore respectively, its Mind.fit business has grown at a slower pace, at an annualised run rate of Rs 25 crore. Nagori expects this will reach Rs 100 crore by next year.