India, July 18 -- IPO-bound fitness unicorn CureFit has raised about $2 Mn (INR 16.8 Cr) from existing investor First Luxembourg SCA at a flat valuation of $1.6 Bn. The homegrown brand was pegged at the same valuation four years ago as well.

First Luxembourg SCA is a step-down subsidiary of German fitness giant LifeFit Group.

As per CureFit's MCA filings, it issued a total of 3.4 Lakh CCPS to Fitness First Luxembourg SCA at INR 483.62 apiece to raise the amount.

CureFit CEO Naresh Krishnaswamy confirmed the funding with Inc42, saying the startup issued the preference shares after a request from the investor. "While we do not have a need for raising funds for any of our corporate purposes, it was an inbound request from an existing inve...