Cult.fit Files DRHP With SEBI, Targets Rs 950 Crore Fresh Issue Alongside OFS
Temasek, Zomato and Accel-backed Cult.fit has filed its draft IPO papers with SEBI, combining an offer-for-sale with a Rs 950 crore fresh issue. The Bengaluru-based platform operates gyms, subscriptions, sportswear and equipment via a hybrid model. Temasek recently invested Rs 440 crore for a ~12% stake.
Cult.fit filed its DRHP with SEBI for an IPO comprising an offer-for-sale and a Rs 950 crore fresh issue. The Temasek/Zomato/Accel-backed fitness and wellness platform runs gyms, subscriptions, sportswear and equipment via a hybrid model.
Why this matters
The DRHP filing revives Cult.fit's IPO plans, reportedly targeting a Rs 3,500-4,000 crore raise at a $2 billion valuation after a decade of business pivots and multiple fundraising rounds.
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