SUMMARY
CureFit’s restructuring exercise impacted employees across its brands like Sugar.fit, Carefit, Cultfit, among others
In a statement, CureFit said it reduced “some redundant positions” to streamline operations and improve productivity with an eye on turning profitable in FY25
The unicorn managed to improve its financials in FY23, with revenue jumping to INR 694 Cr and loss narrowing to around INR 500 Cr
Zomato-backed fitness startup CureFit laid off about 120 employees earlier this week in a restructuring exercise, joining the long list of Indian startups which have fired employees amid the unrelenting funding winter.
The Bengaluru-based healthtech unicorn’s restructuring exercise impacted employees across its brands like Sugar.fit, Carefit, Cultfit, among others, sources told Inc42.
The startup confirmed the development in a statement but did not disclose the number of employees impacted by the exercise.
“As part of our regular…