Founded in 2016 by Mukesh Bansal and Ankit Nagori, Cult.fit operates a mix of physical and digital fitness offerings, including group and individual workouts at Cult.fit centres, partner gyms, online training, and physical and online retail. The company reported operating revenue of Rs 1,216 crore in FY25, a 31% increase from Rs 927 crore in FY24, driven by rising same-store sales, online sales of fitness equipment and accessories, and growth in its services business. Cult.fit has raised over $650 million to date from investors such as Accel, Temasek, Chiratae, Kalaari Capital and Valecha Investments. In 2024 the firm raised $10.2 million in a round led by Valecha that valued it at over $1.5 billion. Leadership changes reported in 2024 include the appointment of Naresh Krishnaswamy as CEO and Mukesh Bansal moving to chairman. The company’s recent fundraising and reported revenue growth suggest continued investor support and operational expansion.

Total raised

$670M

Funding rounds

11

Latest round

Series G

Latest activity

Mar 2026