Cult.fit eyes Rs 3,500-4,000 cr IPO at $2 bn valuation, DRHP filing by June-end

Bengaluru-based Cult.fit is taking the confidential pre-filing route with SEBI for a Rs 3,500-4,000 crore IPO at ~$2 billion valuation. FY24 revenue climbed to Rs 927 crore from Rs 694 crore in FY23, with gyms, sports and wellness driving growth. Curefoods is also lining up an Rs 800 crore listing.

— Source publishedFri, 19 Jun, 2026, 17:57 IST·First seen Sat, 20 Jun, 2026, 10:27 IST·Source ET Retail

What happened

Cult.fit plans to confidentially file its DRHP with SEBI by end-June, targeting Rs 3,500-4,000 crore IPO at ~$2 billion valuation. FY24 revenue rose to Rs 927

Key facts

  • Rs 3,500-4,000 crore
  • $2 billion valuation
  • Rs 927 crore FY24 revenue
  • Rs 694 crore FY23 revenue
  • Rs 800 crore Curefoods IPO

Why this matters

Cult.fit's confidential pre-filing alongside Curefoods' Rs 800 cr listing opens a window for strategic tuck-ins or partnership plays in adjacent wellness, nutrition, and sports categories before public-market scrutiny tightens.