BENGALURU: Indian gym and wellness startup cure.fit has laid off hundreds of employees and trainers across the country and permanently closed a number of fitness centres amidst the uncertainties around the world's biggest coronavirus lockdown.
Curefit, founded in 2016 by Myntra co-founder Mukesh Bansal and former Fliphas laid kart chief business officer Ankit Nagori and backed by Singapore state investor Temasek Holdings, has over 270 centres across India and Dubai.
Numerous trainers have taken to social media to speak about the issue and said that the irony is the company laid them off on May 1, International Labour Day, Business Insider reports.
"The lockdown has affected all our business offerings and we do not see the situation improving for quite sometime," a cure.fit spokesperson told Reuters in a statement.
"This unprecedented situation has forced us to close operations in small towns in India and the UAE."
While Cure.fit claims 90% of its cult trainers continued to be with the firm, Reuters reports that as many as 800 of its staff have been laid off.
With the coronavirus lockdown, Curefit had to shut down its centres but was quick to pivot and bring the classes online. Its online classes had also gained popularity of late, Business Insider further reports.
The startup is backed by investors like Chiratae Ventures, Accel Partners, Kalaari Capital & Oaktree Capital, Epiq Capital, Unilever Ventures, Innoven Capital and Kotak Mahindra Bank.