SoftBank mulls investing over $200m in Indian fitness startup CureFit: Report

SoftBank mulls investing over $200m in Indian fitness startup CureFit: Report

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

Japan’s SoftBank Vision Fund is in initial talks to invest over $200 million in health and fitness startup Cure Fit Healthcare Pvt Ltd, which may spike the startup’s valuation to over $1 billion, The Times of India reported.

The two companies are yet to arrive on the final funding size. Citing a source, the report said, SoftBank may consider investing even up to $350 million. The investment is expected to help CureFit execute its global expansion plans.

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