Ankit Nagori is an Indian entrepreneur. He calls himself a sports enthusiast and an avid reader who never misses his fitness routine. He is the founder and CEO of CureFoods, and also marks himself as an angel or seed investor. He is a businessman who started his career in 2007 with an executive job and has now built a hugely successful brand.
Wiki/Biography
Ankit Nagori was born on Sunday 27 October 1985.age 38 years; by 2021) in the small town of Bokaro in Bihar, India. He moved to New Delhi at the age of 5 and joined Delhi Public School for his early education. He was a cricket lover since childhood and used to play it during his school days. Later, he went to the Indian Institute of Technology, Guwahati to pursue a bachelor’s degree in engineering. While pursuing graduation, he also became the caption of IIT, Guwahati cricket team and completed his graduation in 2007.
Physical Appearance
Height (approx.): 5′ 6″
Weight (approx): 65 kg
Hair Color: black
Eye Colour: black
family and ethnicity
Ankit belongs to a Hindu family.
parents and siblings
Ankit Nagori is the son of Ashok Nagori, who used to do steel trading business in Bokaro, Bihar.
wife and children
He is married to his best friend Kanika and the couple has a son, Kiaan.
career
Ankit Nagori ventured into the business domain after completing his graduation in 2007. He started working as a marketing intern at ESCP Europe. After completing this internship in three months, he founded his own company, Youthpad, in October 2007. Youthpad was a social media platform that he ran for two years and four months. After Youthpad, he joined Flipkart in February 2010 as a Chief Business Officer. He served in this position for a period of six years.
Co-Founder Cure.fit
In March 2016, he finally left Flipkart to come up with his own venture, Cure.fit. She co-founded Cure.fit with Mukesh Bansal, a technology-driven health platform that helps people eat, work, sleep and think healthy. Cure.fit, a Bengaluru based company was started with an initial investment of $5 million which is approximately Rs. 33 crores. To achieve its goal of offering a healthy lifestyle, Cure Fit has incorporated four verticals:
- Cult.fit: Gym & Fitness Center
- Care.fit: Subscription-based service for primary care
- Eat.Fit: An Online Healthy Meal Delivery Service
- Mind.fit: An online/offline mental health and wellness service
In Q2 of 2017, Cure.fit collaborated with Hrithik Roshan and launched HRX Workout under its Cult.Fir program. HRX is Hrithik Roshan’s own lifestyle brand and this association has emerged as a profitable branding strategy for Cure.Fit. Mukesh Bansal, Co-Founder, Cure.Fit spoke about the association and said,
Happy McGarryboven has been instrumental in helping us arrive at a very powerful brand identity and brand positioning. This is disruptive thinking in the brand space and gives us a huge advantage when it comes to building a consumer brand. The Happy team has been instrumental in helping establish Cult.Fit as a holistic healthcare brand in Bengaluru, with the center ambience for the brand and creative inputs for the campaigns.
Mukesh Bansal and Ankit Nagori are investing in the potential of the healthy food industry
Transferring majority of its stake in CureFoods
In 2020, Ankit invested in the potential of Healthcare Foods and used its equity to acquire a substantial stake in CureFoods, which was a part of Eat.Fit. Basically, CureFoods uses Eat.fit to run its cloud-based kitchens. However, he still retained his stake in Cure.fit. Following this change in equity, Cure.fit made a statement and said,
An equity swap has taken place where Ankit Nagori has significantly increased his ownership in CureFoods. Curefit will continue to be a significant stakeholder in CureFoods. Eat.Fit will continue to sell on the CureFit App and will also provide F&B services at Cult Centers.
In the same year, CureFoods began its independent journey with 12-13 kitchens in Bangalore, Coimbatore and two other cities in South India with goals of expansion.
An Eat.fit outlet in South India
As of August 2021, CureFoods has raised $13 million (in INR) in Series A with a funding initiative led by Iron Pillar, Binny Bansal and Nordstar from leading angel investors including Lydia Jet, Adil Allana, Rashmi Kwatra, Kunal Shah. , Following this funding, Curefoods has secured a total of $20 million (in INR) in funding. With this funding, Ankit became one of the few businessmen to have raised one of the largest initial rounds of funding in Indian startups. As a part of its branding and marketing strategy, CureFoods managed to rope in Varun Dhawan as its brand ambassador for Eat.Fit in April 2022.
stake in 10 Indian companies
Ankit Nagori holds a stake in a total of 10 Indian companies and is listed as a director of these companies which include:
- Red Lumen Marketing Pvt Ltd on 12 September 2013.
- Addazz Online Services Pvt Ltd on 29 February 2016.
- Curefit Healthcare Pvt Ltd on 24 May 2016.
- Curefit Logistics Pvt Ltd on 3rd October 2016.
- Cube Fitness Pvt Ltd on 20 February 2017.
- Cultgear Pvt Ltd as on 30 March 2018.
- Fitness First India Pvt Ltd on 8th June 2018.
- Rugby League India Federation on 21 February 2020.
- CureFoods India Private Limited on 10th October 2020.
- Simple Sport Foundation on 13 October 2020.
He is also an angel investor, having invested in 9 companies including Rapido, SuperKey, Mesh, Xeon and others.
Honors and Achievements
- In February 2016, he was selected in the Fortune 40 Under 40 list by Fortune India magazine.
- In 2019, he was selected in the Entrepreneur 35 Under 35, Business Leaders list by Entrepreneur Magazine.
Favorite
- drink: Oatmeal Chocolate Smoothie
- bookBlitzscaling: The Lightning-Fast Path to Building Valuable Companies at Large Scale
Salary
Ankit Nagori’s annual salary is Rs. 21.9 Crore while working as Chief Business Officer in Flipkart.
Facts / Trivia
- He started his career as a novice trainee at ESCP Europe.
- He is a successful businessman who covered a distance of 9 km from home to office in HSR Layout to work on a regular basis.
- Due to his love for cricket, he still participates in cricket club matches as a fast bowler.
- Due to his tremendous interest in sports, he also works as an active volunteer for Simple Sports Foundation.
- He is an early riser who follows a routine of running along the lakes of Bengaluru.
- He is also an avid reader and has read over 80 books in 2016.
