Total amount raised
$714M
Latest funding date
2026-03-21
Location
Cult.fit has successfully raised significant funding through multiple rounds, with the latest being a Series F round. The company is backed by a diverse group of 48 investors, including Valecha Investments and Reset India.
Keep reading to explore the intricacies of Cult.fit's fundraising journey and the investors backing this innovative platform.
Cult.fit has raised funding across multiple rounds backed by investors including Temasek, Accel, Kalaari Capital, Chiratae Ventures, Tata Digital, and Zomato, among others.
Keep reading to explore Cult.fit's fundraising journey, key investors, and what's next for the company.
What Is Cult.fit?
Cult.fit (formerly CureFit) is a Bengaluru-based health and wellness platform founded in 2016 by Mukesh Bansal and Ankit Nagori. The company offers a range of fitness, nutrition, mental health, and medical services through its network of offline fitness centers and digital platforms. Cult.fit achieved unicorn status in November 2021 following its Series F round, and as of 2026 is planning an IPO targeting approximately $300 million at a ~$2 billion valuation.
How Much Funding Has Cult.fit Raised?
- Series A (July 2016)
- Amount Raised: USD 15,000,000
- Date: July 2016
- Lead Investors: Accel, Kalaari Capital, Chiratae Ventures
- Other Participants: RNT Associates, Ratan N Tata
- Series A Extension (May 2017)
- Amount Raised: USD 3,000,000
- Date: May 2017
- Lead Investors: Undisclosed
- Other Participants: UC-RNT Fund, Gokul Rajaram, Aditya Agarwal, Ruchi Sanghvi, Pratithi Investments
- Series B (August 2017)
- Amount Raised: USD 28,700,000
- Date: August 2017
- Lead Investors: Accel, Kalaari Capital, Chiratae Ventures
- Other Participants: Trifecta Capital, Endiya Partners, Bruno Raschle, Binny Bansal, Ananth Narayanan, Mukesh Bansal
- Venture Debt (2017)
- Amount Raised: Undisclosed
- Date: 2017
- Lead Investors: Trifecta Capital
- Conventional Debt (January 2018)
- Amount Raised: Undisclosed
- Date: January 2018
- Lead Investors: Undisclosed
- Other Participants: Axis Bank, HDFC Bank, Pratithi Investments
- Series B Extension (May 2018)
- Amount Raised: USD 877,000
- Date: May 2018
- Lead Investors: Hrithik Roshan
- Other Participants: Exceed Entertainment
- Series C (July 2018)
- Amount Raised: USD 120,000,000
- Date: July 2018
- Lead Investors: Accel, Kalaari Capital, Chiratae Ventures
- Other Participants: Oaktree Capital Management, Bruno Raschle, Mukesh Bansal, Schroders Capital
- Series D (May 2019)
- Amount Raised: USD 120,000,000
- Date: May 2019
- Lead Investors: Accel
- Other Participants: Kalaari Capital, Chiratae Ventures, Oaktree Capital Management, Unilever, Innoven Capital, Kotak Mahindra Bank
- Conventional Debt (June 2019)
- Amount Raised: Undisclosed
- Date: June 2019
- Lead Investors: Undisclosed
- Other Participants: Chiratae Ventures, Accel, Kalaari Capital, Oaktree Capital Management, Innoven Capital, Kotak Mahindra Bank
- Series D Extension (March 2020)
- Amount Raised: USD 110,000,000
- Date: March 2020
- Lead Investors: Temasek Holdings
- Other Participants: Accel, Chiratae Ventures, Unilever, Epiq Capital
- Series E (June 2021)
- Amount Raised: USD 75,000,000
- Date: June 2021
- Lead Investors: Tata Digital
- Other Participants: Sixth Sense Ventures
- Series F (November 2021)
- Amount Raised: USD 180,000,000
- Date: November 2021
- Lead Investors: Zomato, Mohit Mathur
- Other Participants: Temasek, Accel, South Park Commons, 360 One, Valecha Investments, MacRitchie Investments, Mukesh Bansal
- Valuation: USD 1.64 billion (unicorn status achieved)
- Series F Top-Up (May 2022)
- Amount Raised: USD 1,330,000
- Date: May 2022
- Lead Investors: Undisclosed
- Other Participants: Fireside Ventures, Redwood Trust, Surge
- Series F Extension (February 2024)
- Amount Raised: USD 10,200,000
- Date: February 2024
- Lead Investors: Valecha Investments
- Other Participants: L&K Wellness, Exceed Entertainment, Gul Advani, Sangeeta Mansharmani, Shraddha Sheth, Nikhil Kakkar, Prashant Machwe, Surendra Kedia
- Series F (July 2025)
- Amount Raised: USD 2,000,000
- Date: July 2025
- Lead Investors: Undisclosed
- Other Participants: First Luxembourg SCA (LifeFit Group)
- Series G (March 2026)
- Amount Raised: USD 47,000,000
- Date: March 21, 2026
- Lead Investors: Temasek (via MacRitchie Investments)
- Valuation: Approximately USD 1.45–1.6 billion
Total Amount Raised: At least $714M based on disclosed funding (per Tracxn; certain debt rounds undisclosed).
Key Investors
- Temasek (MacRitchie Investments)
- Details: Singapore's sovereign wealth fund and one of Cult.fit's most consistent backers, participating in the Series D Extension (2020), Series F (2021), and leading the Series G (March 2026) through its investment arm MacRitchie. Temasek's stake reached approximately 11.88% following the Series G.
- Accel
- Details: Global venture capital firm that has backed Cult.fit since Series A (2016) and co-led Series B, C, and D rounds. Accel remains one of the company's earliest and most active institutional investors.
- Kalaari Capital
- Details: Bengaluru-based VC firm and co-lead investor in Series A, B, and C rounds. Kalaari has been a foundational backer since Cult.fit's earliest days.
- Chiratae Ventures
- Details: Indian VC firm (formerly IDG Ventures India) that co-led Series B, C, and D rounds alongside Accel and Kalaari Capital, supporting Cult.fit's growth phase.
- Tata Digital
- Details: The digital arm of the Tata Group, Tata Digital led the Series E round in June 2021, investing $75 million and reflecting strong strategic interest from one of India's largest conglomerates.
- Zomato
- Details: Indian food delivery and technology platform that co-led the Series F round in November 2021, contributing approximately $50 million and helping Cult.fit achieve unicorn status at a $1.64 billion valuation.
- Valecha Investments
- Details: Participated in multiple funding rounds and led the Series F extension in February 2024, investing approximately Rs 36 crore.
What's Next for Cult.fit?
With a growing network of fitness centers, an expanding digital platform, and continued investor confidence, Cult.fit is focused on scaling its integrated health and wellness ecosystem. The company is leveraging its strong brand presence and diversified offerings in fitness, nutrition, and mental wellness to capture a larger share of the rapidly growing Indian health market. Its Series G round is reported to be its final private fundraise before a planned IPO targeting approximately $300 million at a ~$2 billion valuation.
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