India's health and fitness market is poised for strong growth, projected at a 6.04% annual rate to reach $36.9 million by 2029. Cultfit is strategically placed to benefit from this expansion.
Started in 2016, Cultfit is an all-in-one fitness solution provider– from group workouts, at-home workouts, fitness workshops, to app-based coaching, nutritional, and mental well-being sessions. Up till March 2025, founders own a 10.68% share, Funds- the largest shareholders hold 64.31%, and angel investors own 4.31%. The total net worth of the founders is estimated at ₹1300 Crores.
Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.
Cultfit was originally launched as Cure.fit in 2016. It offers both digital and offline fitness services.
Being a tech-fitness startup, it is important to look at Cultfit’s founders' qualifications and experience too.
Cultfit has chosen Axis Capital, Jefferies, Morgan Stanley, JM Financials, and Goldman Sachs to be the book-running lead managers for its expected IPO.
The timeline of their IPO is presently unavailable.
The company plans to raise approximately ₹2,500 Crores through its IPO.
Cultfit has successfully raised $634.8 million through its 12 funding rounds. Let's look at the past valuations and funding rounds for the cultfit IPO.
Since the official financial reports are not accessible, we have compiled the financials using multiple sources.
Cultfit has witnessed a 33.6% growth in its operating revenue from FY2023 to FY2024. The following table shows its revenue breakdown from different sources.
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The possible strengths and risks associated with the Cultfit IPO are discussed below.
Strengths
Significant expansion of centres from 250 centres before 2020, to almost 600 centres currently.
Strong investors support
Leading fitness player
Noteworthy annual revenue growth
Risks
Consistently loss-making
Highly concentrated in urban markets
High churn rate
With a strong buzz going around, the cultfit IPO may open soon. However, to keep investors well-informed, this blog serves as a preliminary cultfit IPO review. Click here to apply for this IPO soon.
What is the Cultfit share price?
Cultfit share price is yet to be finalised. These details will be available once the IPO date is released.
What is the Cultfit IPO date?
Cultfit IPO date is yet to be announced. It is estimated to come out in 2025.
Where can I find a Cultfit IPO review?
There is no comprehensive analysis on the cultfit IPO review yet. The analysis may be available closer to the launch date of the IPO.
Where can I find GMP for the Cultfit IPO today?
The GMP for Cultfit IPO is not available today. This information becomes accessible closer to the launch date of the IPO.
As a retail investor, am I eligible for the Cultfit IPO?
Yes, retail investors too can participate in the upcoming cultfit IPO.
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