Deals Buzz: Temasek in talks to invest in Cure.fit at $800 million valuation

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Temasek in talks to invest in Cure.fit at $800 million valuation

Singapore’s state investment arm Temasek is in talks to invest up to $100 million in health and fitness startup Cure.fit, Mint reported citing two people aware of the matter, as Temasek looks to diversify its strategy and back more tech startups. Cure.fit is seeking a valuation of about $800 million post the fundraise, up from the $575 million it was valued at less than six months ago. Cure.fit which is present in 16 Indian cities, primarily via its gym centres, aims to be a full-stack provider of health and fitness services. Its eat.fit food services are already providing Rs10-15 crore a month in revenue.