CureJoy raises $1.15 million from Accel Partners, others

Bengaluru: Online health and wellness start-up CureJoy Inc. has raised $1.15 million, a funding round that was led by Accel Partners India.

The company, which is headquartered in California with most of its operations managed from Bengaluru, said the money will be used to expand the company’s services in India as well as other locations and strengthen its team.

Larry Braitman, founder of Flycast and Adify, Venk Krishnan, founder and CEO of Nuware Technologies and serial entrepreneur Subrata Mitra participated in the round, the company said in the statement. The company has so far received two rounds of investments from Accel Partners India and Independent Angels based out of India and the US.

Online health and wellness start-ups in India has attracted considerable investor attention in recent times. Doctor discovery platform and online healthcare service provider Practo Technologies Pvt Ltd raised $90 million in August to increase its lead over local rivals as well as to expand its operations internationally. The company acquired hospital information management solutions provider Insta Health Solutions for $12 million last earlier this month.

Incorporated in October 2013, CureJoy was founded Dikshant Dave and Shrinivasa Sharma and provides curated content on health and wellness by experts from reputed universities.

“We have seen a tremendous growth over the last six quarters and we consider this to be the right time to scale our operations in order to cement our position as the fastest growing company in the online health and wellness segment,” Dave said in a statement.

The company claims over 8 million site visits per month.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.