Tata Digital names Mukesh Bansal President, to invest $75 mn in his CureFit

Tata Digital, a wholly-owned subsidiary of Tata Sons, has entered a Memorandum of Understanding for investing of up to $75 million in CureFit Healthcare, subject to completion of diligence process and other approvals.

CureFit Founder & CEO Mukesh Bansal will join Tata Digital in an executive role as President, Tata Digital Limited. In addition, Bansal will continue in his leadership role at CureFit.

CureFit is India’s leading fitness player that has developed a strong ecosystem around fitness and wellness. Indian fitness and wellness market is growing at about 20 per cent a year and is expected to reach $12 billion by 2025.