after a successful stint as the chief business officer and poster boy of indias biggest ecommerce platform flipkart ankit nagori and former flipkart head of commerce and myntra founder mukesh bansal decided to start a new venture this time they chose a space they were passionate about fitness curefit launched in may 2016 focuses on physical fitness mental fitness diet and primary healthcare it has raised 45 million in equity and 10 million in debt funding nagori tells toi why he is betting big on healthcarewhy did you choose to focus on healthcareafter quitting flipkart mukesh and i wanted to do something techled with a huge impact health education and transport came to mind since we are passionate about health we started here our assumption is that health will be a 500billion market by 2025 conventional healthcare is around 300 billion fitness sports and meditation contribute to healthcare in any country people spend 1015 on healthcare and 5 on food in india its the opposite as a country develops the spend on healthcare increases at present we have 36 cult centres physical fitness five mindfit centres mental health five kitchens and are coming up with the first primary healthcare centre in bengaluru we have 40000 subscribers and will end 2018 with presence in three citieswhat is the idea behind the primary healthcare centreit will be a walkin clinic where you can do tests for prevention and treatment of mild ailments there will be subscription plans for lifestyle diseases we have hired five general practitioners this is a vertical we are building from scratch each centre requires seven doctors we have been on a hiring spree for four months we wanted doctors who appreciate technology and prescribe lifestyle changes as opposed to medicinesthe model hasnt been successful before why would yours bewe have a ready base of 8000 people on our app who pay every month we can recommend them to these primary health centres our doctors will already have data on how much theyve been eating drinking and sleeping doctors will prescribe a healthy lifestyle along with medicines our doctors are incentivised on outcome rather than visitsyou have built the other three verticals only on acquisitions and acquihire why did you decide to build this fourth vertical from scratchwe were from ecommerce and needed specialists like trainers and chefs some of our key leaders have been through acquihire we acquired fitness centres cult and tribe for cultfit 1000 yoga for mindfit kristys kitchens for eatfit it was a good way to get domain expertise since lifestylebased doctors were few we had to hire on our own there were a lot of teleconsulting companies up for grabs but we were building something that could complete the loophow is the company doing revenuewisecult is ebitda positive mindfit will become positive in the next two months it will be a fiveyear journey to build everything in every city its a capexheavy business we have raised debt for expansion and 45 million in