Tata Digital to invest $75 million in ‘CureFit’
CureFit Founder & CEO Mukesh Bansal will join Tata Digital as President
Bansal launched CureFit along with Flipkart senior executive Ankit Nagori
Mukesh Bansal is also the co-founder of online fashion retailer ‘Myntra’
‘CureFit’ is a fitness player that has developed an ecosystem around fitness and wellness
It was recently re-branded as ‘Cult.Fit’ after raising $ 418 million
The five-year startup is valued at approximately $ 800 million
Temasek, Accel and Kalaari Capital are the key investors in the startup
The Tata Group had recently acquired a majority stake in ‘BigBasket’ and ‘1mg’
The Tata Group’s acquisition streak continues ahead of its Super App launch
