Other Private Equity/Strategic Investments
Zomato to acquire 6.4% in CureFit via cash investment and sale of Fitso unit
New Delhi-based, publicly listed food delivery services firm Zomato Ltd is to sell its Gurugram-based sporting venues aggregator unit, Fitso, to Bengaluru-based healthtech startup CureFit (in return for USD 50 million worth of Curefit stock). Zomato will also invest an additional USD 50 million in cash to obtain a total 6.4% stake in Curefit. The deal will enable Zomato to explore cross-selling opportunities with CureFit.
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