Cult.fit - About the company
Cult.fit is a series G company based in Bengaluru (India), founded in 2016 by Ankit Nagori, Mukesh Bansal and Rishabh Telang. It operates as a Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. Cult.fit has raised $714M in funding from investors like Accel, Kalaari Capital and Chiratae Ventures, with a current valuation of ₹12,600Cr. The company has 30 active competitors, including 6 that are funded. Its top competitors include companies like HealthifyMe, Goqii and Growfitter.
Sectors and market segments that Cult.fit operate in
Cult.fit serves in the HealthTech, Healthcare market segments.The primary business model of Cult.fit are:Company Details
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
- Website
- www.cult.fit/
- Social
- Email ID
- *****@cult.fit
- Registered Address
- NEW NO.10, OLD NO.28, SHANKARALAYA, 2ND FLOOR, 3RD CROSS STREET RK NAGAR, RA PURAM, MANDAVELI, Raja Annamalaipuram, Chennai, Chennai City Corporation, Tamil Nadu, India, 600028
Key Metrics
Founded Year
2016
Location
Bengaluru, India
Stage
Series G
Total Funding
$714M in 16 rounds
Latest Funding Round
Post Money Valuation
₹12,600Cr as on Mar 17, 2026
Ranked
1st among 30 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
1,832 as on Apr 30, 2025
Legal entities associated with Cult.fit
Cult.fit is associated with 7 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CULTGEAR PRIVATE LIMITED CIN: U74999TN2017PTC177594 , India, Active | Nov 07, 2017 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 415 (As on Feb 29, 2024) | |
CULTFIT HEALTHCARE PRIVATE LIMITED CIN: U74999TN2016PTC176668 , India, Active | Aug 05, 2016 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 915 (As on Aug 01, 2025) | |
CULT.FIT PRIVATE LIMITED CIN: U74999TN2016PTC176669 , India, Active | May 24, 2016 | ₹1,000+ Cr (As on Mar 31, 2025) | 8 (As on Aug 01, 2025) | |
Curefit Logistics Private Limited CIN: U63030KA2016PTC096886 , India, Active | Oct 02, 2016 | - | 243 (As on May 31, 2025) | |
CUREFIT SERVICES PRIVATE LIMITED CIN: U74110TN2016PTC176487 , India, Active | Oct 03, 2016 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 183 (As on Mar 01, 2026) | |
CULTSPORT PRIVATE LIMITED CIN: U74999KA2016PTC096227 , India, Active | Sep 02, 2016 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 712 (As on Aug 31, 2025) | |
DIVERSE RETAILS PRIVATE LIMITED CIN: U74999KA2016PTC098488 , India, Active | Dec 15, 2016 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 69 (As on Apr 01, 2026) |
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Cult.fit's funding and investors
Cult.fit has raised a total funding of $714M over 16 rounds. Its first funding round was on Jul 04, 2016. Its latest funding round was a Series G round on Mar 17, 2026 for $47.6M. 1 investor participated in its latest round. Cult.fit has 60 institutional investors and 37 angel investors.
Here is the list of recent funding rounds of Cult.fit:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 17, 2026 | $47.6M | Series G | - | - | - | |
Mar 29, 2025 | $2M | Series F | - | - | - | - |
Oct 27, 2023 | $10.2M | Series F | - | - |
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Cult.fit's founders and board of directors
Founder? Claim ProfileThe founders of Cult.fit are Ankit Nagori, Mukesh Bansal and Rishabh Telang. Naresh Krishnaswamy is the CEO of Cult.fit.
Here are the details of Cult.fit's key team members:
- Ankit Nagori: Former Co-Founder of Cult.fit and founder of 9 other companies, including Cult Store, Eat.fit and EatFit. They are also an angel investor in 48 startups and serve on the boards of 4 companies.
- Mukesh Bansal: Co-Founder of Cult.fit and founder of 8 other companies, including Cult Store, Lyskraft and Nurix. They are also an angel investor in 26 startups and serve on the boards of 5 companies.Contact Info: 4 email addresses and 2 phone numbers
- Rishabh Telang: Co-Founder of Cult.fit and founder of 1 other company. They serve on the board of 1 company.
- Naresh Krishnaswamy: CEO of Cult.fit. They are also an angel investor in 2 startups.Contact Info: 1 phone number
Cult.fit's Board of Directors
Cult.fit's board has 6 active members. Mukesh Bansal, Subrata Mitra and Naresh Krishnaswamy are part of team and Shamik das sharma ., Vishesh Shrivastav and Sudhir Kumar Sethi are independent board members.Here is the list of Cult.fit's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 11m | |
Team | - | Current | 0y 2m | |
Investor | Accel | Current | 7y 8m | |
Independent board member | - | Current | 5y 1m | |
Independent board member | - | Current | 9y 10m | |
Independent board member | - | Past | 6y 1m |
View details of Cult.fit's Founder profiles and Board Members
Cult.fit's employee count trend
Cult.fit has 1,832 employees as of Apr 25. The total employee count is 28.0% more than what it was in Apr 24. Here is Cult.fit's employee count trend over the years:
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Cult.fit's Competitors and alternates
Top competitors of Cult.fit include HealthifyMe, Goqii and Growfitter. Here is the list of Top 10 competitors of Cult.fit, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | $714M | 84/100 | ||
2nd |  HealthifyMe 2012, Bengaluru (India), Series C | Provider of AI-powered personalized nutrition and fitness coaching | $145M | 67/100 | |
3rd |  Goqii 2014, Redwood City (United States), Series C | Provider of a wearable wristband integrated with personalized coaching | $110M | 58/100 | |
4th | Growfitter 2016, Mumbai (India), Seed | Provider of an incentivized wellness platform promoting healthy lifestyles | $2.7M | 57/100 | |
5th | Online platform offering employee wellness programs | $263K | 42/100 | ||
6th | Retailer of home health equipment and supplies | $1.67M | 32/100 | ||
7th |  Flashfittraining Coimbatore (India), Unfunded | Fitness and wellness center providing physical, emotional, and intellectual development | - | - | 30/100 |
8th | MyEasyPharma 2023, Bengaluru (India), Unfunded | AI-powered platform corporate wellness programs | - | - | 29/100 |
9th | Mobile app offering a wide range of fitness and wellness services | - | - | 28/100 | |
10th | Office Hours 2020, Mumbai (India), Unfunded | Provider of physical fitness and nutrition monitoring app for employees | - | - | 27/100 |
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Cult.fit's Latest cap tables and shareholding
Founders own 10.31%, Funds (largest shareholder) own 64.86%, Enterprises own 12.04% and Angels own 5.48%. The net worth of Cult.fit's founders is INR 1,300Cr as of Mar 17, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 10.31% | 1,300Cr | 6594388 | 2797055 | 3006042 | 1750559 |
6039248 | 9470041 | 1330461 | 9231044 | 3789237 | 4384121 | |
Fund | 64.86% | 8,200Cr | 1904506 | 3299985 | 1654450 | 4336389 |
8362613 | 2900981 | 1046524 | 9328896 | 5785361 | 1310365 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 12.04% | 1,520Cr | 7402646 | 2498313 | 2506721 | 3154324 |
Angel | 5.48% | 693Cr | 63305 | 41391 | 31439 | 30437 |
Other People | 1.21% | 153Cr | 6 | 8 | 5 | 6 |
ESOP Pool | 7.45% | 942Cr | 3616749 | 7226773 | 2878551 | 5722464 |
Total | 100.00% | 12,800Cr | 9660516 | 7224851 | 1239618 | 2882393 |
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DisclaimerView more details of Cult.fit's Shareholding
Cult.fit's Investments and acquisitions
Cult.fit has made 4 investments in companies including ApClub and sugar.fit. Cult.fit has also acquired 15 companies including Gold's Gym and FitKit.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 22, 2025 | Investments | 2023 | Bengaluru (India) | |
Mar 13, 2024 | Investments | 2021 | Bengaluru (India) | |
Oct 12, 2023 | Investments | 2021 | Bengaluru (India) |
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News related to Cult.fit
Filter this listMedia has covered Cult.fit for a total of 22 events in the last 1 year, 7 of them have been about company updates and 2 about people movement.
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MuscleBlaze partners with Cult Fit to provide nutrition kits to trainersMoneycontrol•May 20, 2026•Cult.fit, MuscleBlaze
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Temasek Holdings Secures CCI Approval to Acquire Stake in Curefit HealthcareNewsDrum•Mar 11, 2026•Cult.fit, Temasek
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Cult.fit Picks Investment Bankers For Its Upcoming Rs 2,500 Cr IPOMoneycontrol•Jan 31, 2026•Cult.fit
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Cult.fit Posts ₹1,216 Cr Revenue, ₹481 Cr Loss in FY25 Amid IPO PreparationsEntrackr•Dec 15, 2025•Cult.fit
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Curefit reports 31% increase in revenue in FY25, Ebitda losses narrowIndiatimes•Nov 18, 2025•Cult.fit
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