Cult.fit files for up to ₹950 cr IPO as it diversifies beyond gyms, still leans on top four metros
Draft prospectus shows Cult.fit expanding into product sales (₹522 cr, +60%), corporate wellness, franchising and advertising. Services revenue rose 31% to ₹1,104 cr and FY26 loss narrowed to ₹252 cr, but 90.44% of fitness revenue still comes from Bengaluru, Hyderabad, Delhi-NCR and Mumbai. Neo format targets smaller cities.
Cult.fit's draft IPO prospectus shows diversification beyond gyms into products, corporate wellness, franchising and advertising, though 90% of fitness revenue still comes from four metros. Neo format targets smaller cities. FY26 loss narrowed to ₹252 crore.