Cult.fit revives IPO plans, targets ₹4,000 crore raise after turning EBITDA-positive

Zomato-backed Cult.fit will file DRHP within two weeks for a ₹3,500-4,000 crore IPO. FY26 revenue projected at ₹1,700 crore (+40%), with 1 million paid subscribers across 600+ gyms in 75+ cities. Proceeds to fund tier-2/3 expansion.

— Source publishedFri, 19 Jun, 2026, 10:31 IST·First seen Fri, 19 Jun, 2026, 10:42 IST·Source CNBC-TV18 · Companies

What happened

Cult.fit plans to file DRHP within two weeks for a ₹3,500-4,000 crore IPO, reviving shelved plans after turning EBITDA-positive in Q4 FY26. FY26 revenue

Key facts

  • ₹3,500-4,000 crore IPO
  • ₹1,700 crore FY26 revenue
  • 40% revenue growth
  • 1 million paid subscribers
  • 75+ cities
  • 600+ gyms
  • 4 million Cultsport units
  • ₹12,600 crore last valuation
  • $714 million raised

Why this matters

Cult.fit's IPO window reopening signals consolidation pressure across fitness retail — strategic acquirers should pre-empt with bolt-ons in tier-2/3 gyms or adjacent wellness verticals before listing locks in the category leader.