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New Deal


Announced

Tata Digital to invest $75m in CureFit.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Domestic

Acquisition

fitness and wellness

Software

mental well-being

nutrition

online fitness platform

India

Private

Minority

Friendly

Single Bidder

Synopsis

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Tata Digital, a subsidiary of Tata Group, a provider of information technology, infrastructure, automotive, tourism and travel services, agreed to invest $75m in CureFit, a health and fitness company offering digital and offline experiences across fitness, nutrition, and mental well-being. “Joining Tata Digital marks an exciting new step for me and my team and is a recognition of the value we have created with CureFit for fitness enthusiasts in India. Being part of Tata Digital will enable us to nationally scale up our offerings for our customers. Tata Digital has a highly inspiring vision to create next-generation consumer platform and I am very excited to be part of the Tata Digital team that is shaping this vision,” Mukesh Bansal, CureFit Co-Founder and CEO.

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