With an eye on expanding its online universe, Tata group is now looking to acquire health and fitness startup Curefit (now rebranded as Cult.Fit), according to a report by Economic Times quoting sources. This comes after the conglomerate acquired majarority stocks in big basket and online pharmacy 1mg.
The company which has raised Rs 3,033 crore and is valued at Rs 5,819 crore has had investments from Temasek, Kalaari Capital, Accel and others.
This deal would help Tata Group build a salt-steel digital ecosystem of businesses pitting itself against Reliance Industries Ltd and its suite of digital businesses.
Tata is also planning to bring on board, founder Mukesh Bansal, who is likely to be put in a leadership position in Tata’s digital business.
