Ankit Nagori is an Indian entrepreneur. He is the founder and CEO of Curefoods and also positions himself as an angel or seed investor. He is a businessman who started his career in executive positions in 2007 and has now built a very successful brand. He is also a sports enthusiast and a lively reader who never misses his fitness routine.
Wiki/Biography
Ankit Nagori was born on Sunday, October 27, 1985, in the small town of Bokaro, Bihar, India (38 years old as of 2021). He moved to New Delhi at the age of 5 and received his primary education from Delhi Public School. He has been a cricket enthusiast since childhood and played cricket during his school days. Later, he went to Indian Institute of Technology Guwahati to obtain a bachelor’s degree in engineering. During his graduation, he also became the captain of the cricket team of IIT Guwahati and completed his graduation in 2007.
appearance
Height (approximately): 5′6″
Weight (approximately): 65kg
Hair color: black
Eye color: black
family and race
Ankit comes from a Hindu family.
Parents and siblings
Ankit Nagori is the son of Ashok Nagori, who runs a steel trading company in Bokaro, Bihar.
wife and children
He is married to his best friend Kanika and they have a son named Kiaan.
Profession
Ankit Nagori entered the business field after graduation in 2007. He started working as a marketing intern at ESCP Europe. After completing his internship in three months, he founded his own company, Youthpad, in October 2007. Youthpad is a social media platform that he has been running for two years and four months. After leaving Youthpad, he joined Flipkart in February 2010 as chief commercial officer. He served in that position for six years.
Ankit Nagori while working at Flipkart
Co-founder of Cure.fit
In March 2016, he finally left Flipkart and founded his own company, Cure.fit. Cure.fit is a technology-driven wellness platform that helps people eat, work, sleep and think healthy. Mukesh Bansal and Ankit Nagori founded the company in Bengaluru with an initial investment of $5 million, approximately Rs. 33 Crores. To achieve its goal of providing a healthy lifestyle, Cure Fit has proposed four vertical areas, including:
- Cult.fit: gyms and fitness centers
- Care.fit: Subscription-based primary care service
- Eat.fit: Online healthy food delivery service
- Mind.fit: online/offline mental health and wellness services
In the second quarter of 2017, Cure.fit partnered with Hrithik Roshan to launch HRX workout under its cult.fit program. HRX is Hrithik Roshan’s lifestyle brand and this association is seen as a beneficial branding strategy for healing.Fitness. Mukesh Bansal, co-founder of ure.fit, said of the association:
Happy mcgarrybowen played a key role in helping us build a very strong brand identity and brand positioning. This is disruptive thinking in the brand space that gives us a huge advantage when we build consumer brands. The Happy team also played a key role in helping to establish cult.fit as a holistic healthcare brand in Bangalore, providing creative input into the center’s ambience and brand campaigns. ”
Mukesh Bansal and Ankit Nagori invest in the potential of health food industry
Transfers its majority stake to CureFoods
In 2020, Ankit invested in the potential of nutraceuticals and used its equity to acquire majority ownership of CureFoods, part of Eat.fit. CureFoods uses Eat.fit to run its cloud-based kitchen. However, he still retains a stake in Cure.fit. After the equity transfer, Cure.fit issued a statement saying,
Ankit Nagori has significantly increased his ownership stake in CureFoods through the share exchange. Curefit will continue to be a significant shareholder in CureFoods. Eat.Fit will continue to be sold on the Curefit app and will offer catering services at Cult centres. “
In the same year, Curefoods began its journey to independence, opening 12-13 kitchens in Bangalore, Coimbatore and two other cities in South India, and set expansion targets.
An Eat.fit store in southern India
As of August 2021, Curefoods has raised US$13 million (approximately 990 million Indian rupees) in Series A financing. Investors include Lydia Jett, Adil Allana, Rashmi Kwatra, Kunal Shah. The financing plan is led by Iron Pillar, Binny Bansal and Nordstar. After this financing, Curefoods has received a total of US$20 million (approximately Rs. 152 crore) in financing. With this funding, Ankit becomes one of the businessmen to raise huge sums in early-stage funding for Indian startups. As part of its brand and marketing strategy, Curefoods successfully roped in Varun Dhawan as the brand ambassador of Eat.fit in April 2022.
Invested in 10 Indian companies
Ankit Nagori holds shares in 10 Indian companies and is listed as a director of:
- Red Lumen Marketing Private Limited, September 12, 2013.
- Addazz Online Services private Limited was established on February 29, 2016.
- Curefit Healthcare Private Limited, May 24, 2016.
- Curefit Logistics Private Limited, October 3, 2016.
- Cube Fitness Private Limited, February 20, 2017.
- Cultgear Private Limited, March 30, 2018.
- Fitness First India Private Limited, June 8, 2018.
- Indian Rugby League Federation, February 21, 2020.
- Curefoods India Private Limited, October 10, 2020.
- Simply Sport Foundation, October 13, 2020.
He is also an angel investor and has invested in 9 companies including Rapido, SuperK, Mesh, and Xeon.
Honors and Achievements
- In February 2016, he was named to Fortune 40 Under 40 list by Fortune India magazine.
- In 2019, he was named to Entrepreneur magazine’s list of business leaders under 35.
Favorites
- Drink: Oatmeal Chocolate Smoothie
- Book: Blitzscaling: The Lightning Path to Building a Vastly Valuable Company
Facts/Trivia
- He started his career as a novice intern at ESCP Europe.
- He is a successful businessman. In the high-speed rail layout, he has to walk 9 kilometers from his home to the office every day.
- Due to his love for cricket, he still plays club cricket as a bowler.
- Ankit Nagori’s annual salary is Rs. Earned Rs 21.9 Crore as Chief Commercial Officer at Flipkart.
- Due to his great interest in sports, he also serves as an active volunteer with the Simple Sports Foundation.
- He is an early riser and often runs along the lakefront in Bangalore.
- He is also a person who loves reading and read more than 80 books in 2016.
Categories: Biography
Source: HIS Education