Cult.fit Eyes ₹3,500-4,000 Cr IPO, DRHP Filing Expected This Month
Mukesh Bansal-led Cult.fit plans to file DRHP for a ₹3,500-4,000 cr IPO blending fresh issue and OFS. Revenue crossed ₹1,700 cr at 40% YoY growth with EBITDA turning positive in Q4 FY26. Backers include Temasek (11.88%), Tata Digital and Zomato. Axis, Goldman, Jefferies, JM Financial and Morgan Stanley are bookrunners.
What happened
Cult.fit, the Mukesh Bansal-led fitness platform, plans to file DRHP this month for a ₹3,500-4,000 crore IPO combining fresh issue and OFS. Revenues crossed
Key facts
- ₹3,500-4,000 cr IPO
- ₹440 cr Temasek funding
- 11.88% Temasek stake
- $720 mn raised
- 1 mn paid subscribers
- 75+ cities
- 4 mn products shipped
- ₹1,700 cr revenue
- 40% YoY growth
Why this matters
Cult.fit's listing creates a benchmark valuation for India's fitness-and-wellness category and may trigger M&A or partnership rethinks among gyms, healthtech and consumer-wellness players seeking scale or exits.