ETtech Exclusive: Tata eyes Curefit buy to build digital muscle

Mumbai/Bangalore: After picking up majority stakes in online grocery BigBasket and online pharmacy 1mg, the Tata Group is now looking to acquire health and fitness startup Curefit, people aware of the company’s plans told ET. The Mumbai-based conglomerate is in talks to bring on board Curefit founder Mukesh Bansal, who may take up a leadership role in Tata’s digital business, sources privy to the matter said.

Bansal, who co-founded online fashion retailer Myntra, has been running Curefit for the past five years. He launched the venture with Ankit Nagori, a senior executive from Flipkart.

A person aware of the developments said, “Bansal could possibly get a wider role in Tata’s digital businesses, including those in which it recently picked up majority stake, such as BigBasket and 1mg. The discussions are still not final and the terms may change.”