The Tata group these days wants to achieve success in the field of fitness. For this, talks are being made with the founder of Curefit. However, no final deal has been done regarding this yet.
Mukesh Ambani and Ratan Tata
Ratan Tata is preparing vigorously to compete Mukesh Ambani’s Reliance Industries. After buying a large stake in the online grocery BigBasket and online pharmacy 1mg, the Tata group is now set to enter the fitness sector. As a result, the Tata company can acquire fitness startup Curefit.
According to the Economic Times report, the Tata group is currently in talks with Mukesh Bansal, the founder of Curefit. According to sources, he can be given significant responsibility in Tata’s digital business. These days Bansal is also handling the responsibility of co-founder of online fashion retailer Myntra. He has been associated with the Curefit brand for the last 5 years.
Curefit had changed the name
Fitness brand Curefit recently changed the name of the company. Named Cult.Fit
Have rebranded it from. The startup has raised $ 41.8 billion so far and its previous valuation was around $ 800 million. The investors of the company include Temasek, Accel and Kalaari Capital etc.
These major brands will get competition
Market analysts consider the Tata group to join hands with Curefit as an important step. Due to this, Flipkart, a company of retail industry giants like Reliance Industries, Amazon and Walmart, can get a tough competition. In such a situation, Aspi battle can be seen in the coming days.
Bansal had a hand in the success of Myntra
Mukesh Bansal, the founder of Curefit, has been instrumental in the success of Myntra, an online fashion and retail company. Myntra was bought by Flipkart in 2014 for $ 33 million. After this, Bansal joined Flipkart and worked with the founders of the company, especially Sachin Bansal. The Tata group is looking for similar experts to expand the digital business.
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