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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Curefit founder is expected to whip the conglomerate’s digital business into shape. Can he? And what happens to his fitness startup?
Editor's note: A lot has gone unexplained for a development as big as this one. Earlier this month, the Tata group announced the appointment of Mukesh Bansal as the president of Tata Digital. Bansal is the co-founder and CEO of fitness startup Curefit, which he currently runs in Bengaluru, and had earlier co-founded the fashion e-commerce company Myntra. In addition to the appointment, Tata Digital is in the process of investing $75 million in Curefit. While the company hasn’t disclosed it, the investment comes at the same valuation—$727 million—as Curefit’s last round in March 2020, according to a person aware of the development; Tata Digital’s investment amounts to about a 10% stake in Curefit. This is a strange development for multiple reasons and, as we said, much has gone unexplained. For one, the Curefit investment is being looked at as an important piece in Tata’s super app puzzle and the company’s plan to compete with the likes of Amazon India, Walmart-owned Flipkart and rival Indian conglomerate Reliance Industries. But for a company that has just started to figure out its digital play, …
The Curefit founder is expected to whip the conglomerate’s digital business into shape. Can he? And what happens to his fitness startup?
Editor's note: A lot has gone unexplained for a development as big as this one. Earlier this month, the Tata group announced the appointment of Mukesh Bansal as the president of Tata Digital. Bansal is the co-founder and CEO of fitness startup Curefit, which he currently runs in Bengaluru, and had earlier co-founded the fashion e-commerce company Myntra. In addition to the appointment, Tata Digital is in the process of investing $75 million in Curefit. While the company hasn’t disclosed it, the investment comes at the same valuation—$727 million—as Curefit’s last round in March 2020, according to a person aware of the development; Tata Digital’s investment amounts to about a 10% stake in Curefit. This is a strange development for multiple reasons and, as we said, much has gone unexplained. For one, the Curefit investment is being looked at as an important piece in Tata’s super app puzzle and the company’s plan to compete with the likes of Amazon India, Walmart-owned Flipkart and rival Indian conglomerate Reliance Industries. But for a company that has just started to figure out its digital play, …
Bistro may look like a response to Swiggy and Rapido’s 10-minute food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
Bistro may look like a response to Swiggy and Rapido’s 10-minute food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
