Tata Digital to invest around ₹550 crore in Curefit Healthcare

MUMBAI : Tata Digital on Monday said it will invest ₹75 million (around ₹550 crore) in fitness-focused Curefit Healthcare for an undisclosed stake.

Curefit’s founder and chief executive Mukesh Bansal will join Tata Digital in an executive role as its president, an official statement said, adding will continue in his leadership role at Curefit as well.

It can be noted that Tata Digital has been sealing a slew of acquisitions for expanding its e-commerce play, which will have it compete with giants like Flipkart (with which Bansal was once associated after acquisition of Myntra), Amazon and also Reliance Retail.