• Wed. Jun 23rd, 2021

Tata Digital to invest $75 million in CureFit

ByCandice Hansen

Jun 7, 2021
Tata Digital to invest $75 million in CureFit

Tata Digital, a subsidiary of Indian conglomerate Tata Group, said on Monday it has signed a deal to invest up to $75 million in fitness startup CureFit. As part of the deal, CureFit co-founder and chief executive Mukesh Bansal will join Tata Digital as President and continue in his role at the Bangalore-headquartered startup.

Monday’s investment is the salt-to-steel giant’s latest effort to expand its presence in the consumer tech space. Earlier this year, Tata Group acquired majority stakes in online grocery startup BigBasket, and is reportedly in talks to acquire online pharmacy 1mg, according to local media reports.

This is a developing story. More to follow…

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