Startup Profile

Cult.fit

Legal entity: Curefit Healthcare Private Limited

India's leading health and fitness tech platform scaling beyond gyms into nutrition and mental wellness.

Health & WellnessUnicornB2C Subscription· Bengaluru, Karnataka· Est. 2016Website ↗
Cult.fit is a health and wellness platform founded in 2016 by Mukesh Bansal and Ankit Nagori that provides fitness memberships, group classes, gyms, and at-home workouts across India. The company has raised $714 million across 16 funding rounds and achieved unicorn status in 2021, with a current valuation of $1.43 billion and plans to go public.
Funding raised
₹5000.00 Cr
Total disclosed
Latest valuation
₹12000.00 Cr
Most recent round
Latest revenue
₹927.00 Cr
FY FY24
Employees
—
FY FY24

Founders

  • Mukesh Bansal

    Co-founder who transitioned to executive chairman in FY24, previously CEO. Former Flipkart executive who built Cult.fit's fitness and wellness vision.

  • Ankit Nagori

    Co-founder of Cult.fit, building the platform's technology and operational backbone.

  • Rishabh Telang

    Co-founder contributing to Cult.fit's core business strategy and growth.

Funding rounds

  1. Series G2026-03-21₹390.00 CrLed by Temasek
  2. Series F Extended2024-02-26₹8.50 CrLed by Valecha Investments
  3. Series F2021-11-01₹180.00 CrLed by Zomato
  4. Series E2021-06-07₹100.00 CrLed by Tata Group
  5. Series D2019-06-25₹120.00 Cr
  6. Series C2018-01-01₹120.00 Cr
  7. Series A2016-07-04₹15.00 Cr

Financials

MCA / self-reported
Fiscal yearRevenueProfit / (Loss)Employees
FY24₹927.00 Cr(₹535.00 Cr)—
FY25₹1216.00 Cr(₹480.80 Cr)—

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

  1. 2026-03Series G funding secured — Raised final $47 million private round from Temasek at $1.45 billion valuation ahead of IPO.
  2. 2026-01Selected investment bankers for IPO — Goldman Sachs, Morgan Stanley, Axis Capital, Jefferies, and JM Financial appointed to manage planned Rs 2,500 crore IPO.
  3. 2024Crossed 1,000 crore revenue milestone — Total income surpassed Rs 1,000 crore in FY24, with operating revenue reaching Rs 927 crore on 33.6% year-on-year growth.
  4. 2021Achieved unicorn status — Company valuation crossed $1 billion following Zomato's $100 million investment in Series F round in November 2021.
  5. 2016Company founded by Mukesh Bansal and Ankit Nagori — Former Flipkart executives launched Cult.fit as a comprehensive health and wellness platform combining fitness, nutrition, and mental health.

Data sources

  • seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
  • Editorial (press release)↗ · last fetched 2026-05-28
  • Editorial (press release)↗ · last fetched 2026-05-28
  • DPIIT (Startup India)↗ · last fetched 2026-05-28
  • Wikidata↗ · last fetched 2026-05-28
  • GitHub API↗ · last fetched 2026-05-28
  • Wikidata↗ · last fetched 2026-05-28
  • favicon↗ · last fetched 2026-05-31
  • Tracxn - Cult.fit Company Profile↗ · last fetched 2026-06-01
  • Entrackr FinTrackr - Cult.fit FY24 Revenue↗ · last fetched 2026-06-01
  • Whalesbook - Series G Funding↗ · last fetched 2026-06-01
  • Crunchbase - Series D Funding Round↗ · last fetched 2026-06-01
  • Inc42 - Cult.fit Series F Extended Funding↗ · last fetched 2026-06-01
  • Mukesh Bansal Wikipedia↗ · last fetched 2026-06-01
Updated 2026-06-01 · CIN: U93000KA2016PTC086504