Mukesh Bansal, co-founder of online healthcare platform CureFit, has stepped down from the board of food-delivery startup Swiggy due to a ‘conflict of interest’, according to a media report.
Bansal, who was roped in by Swiggy as a strategic advisor in October 2016, stepped down as CureFit plans to venture into the food delivery segment, Mint reported citing three persons aware of the development.
“CureFit will launch subscription-based health food delivery soon. While Swiggy has a broader horizon, the business overlaps and there is a conflict of interest. Hence, (Mukesh) Bansal stepped down,” one of the persons told the business daily.
Email queries sent to spokespersons of Swiggy and CureFit did not elicit an immediate response.
In 2007, Bansal founded fashion e-commerce platform Myntra, which was acquired by Flipkart in 2014. He is currently founder and CEO of preventive healthcare platform CureFit, which is set to be launched later this year.
In July 20016, CureFit raised $15 million in a Series A round of funding from Accel Partners, IDG Ventures and Kalaari Capital .
At the time of fundraising, CureFit said it will be an online platform which will address the concept of preventive healthcare through a combination of engagement, coaching and delivery through a mix of online and offline channels. The startup said it will not have doctors or health experts on its network, but will provide access through curated partnerships with players who address the concept of a healthy lifestyle through various forms.
Earlier this month, CureFit acquired Bengaluru-based premium online food delivery startup Kristys Kitchen in a cash-and-equity deal. Kristys Kitchen is a full-stack online food delivery company, which delivers premium authentic international and healthy food in Bengaluru.
In August 2016, CureFit invested Rs 20 crore ($3 million) in Bengaluru-based CULT Fitness Pvt. Ltd, a fitness startup that offers training programmes without equipment.
Like this report? Sign up for our daily newsletter to get our top reports.