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February 09, 2021
With a collective user base of 3 million, Cure.fit and Fitternity will empower more than 5,000 fitness centres spread across India Health and wellness platform Cure.fit announced the acquisition of Fitternity, one of the largest fitness facilities aggregators in the country. This acquisition comes close on the heels of its acquisition of Onyx, a California based digital fitness company last month, that is expected to enhance its digital offerings in India and abroad.
Fitternity is Cure.fit’s 6th acquisition to date. The company acquired Cult in 2016, Tribe and 1000 Yoga in 2017, Fitness First in 2018 and Onyx in 2021. Cure.fit has now opened over 150 of its 200 fitness centres in the country, up from 40 in October 2020.
Gym industry confident about 2021 despite slow recovery, low turnout among women
October 2021 is when gyms would reach pre-COVID-19 revenue, said Jayam Vora, Co-founder, COO, Fitternity, gym aggregator. January 14, 2021 / 03:06 PM IST
After months of home work out as gyms had to shut down due to coronavirus-led lockdown, Indians are heading to the gyms but mostly to train with their personal trainers and women are still shying away.
At Gold s Gym, a gym chain which has more than 150 clubs in 25 Indian states, the male to female ratio post reopening of gyms has come down to 25 percent female and 75 percent male from 40 percent female to 60 percent male in the pre-COVID-19 period.