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Cult.fit Raises $32 Million Pre-IPO Round Ahead of Planned 2027 Listing

By , Funding & Deals Editor3 min read
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Fitness professional in a modern Indian gym holding a wellness tracker

Bengaluru-based health and fitness platform Cult.fit has raised $32 million in a pre-IPO round led by Accel and Tata Capital to expand offline centres and prepare for a 2027 stock market listing.

Key Facts

Key facts: Cult.fit Raises $32 Million Pre-IPO Round Ahead of Planned 2027 Listing
DetailValue
Deal size$32 M
StagePre-IPO
Valuation$1.7 billion
Lead investorAccel
HeadquartersBengaluru, India
SectorCult.Fit

Cult.fit (Cure.fit) has raised $32 million in a pre-IPO round announced July 2, 2026, led by Accel with participation from Tata Capital Growth Fund and existing investors Temasek and Zomato.


Round Details


  • Round size: $32 million
  • Lead: Accel
  • Participants: Tata Capital, Temasek, Zomato, Chiratae
  • Valuation: $1.7 billion (up from $1.55B in 2023)

  • What the Funds Enable


  • 100 new Cult centres across tier 2 cities by March 2027
  • Expansion of Eat.fit meals into 15 cities
  • Corporate wellness B2B channel scale-up
  • Pre-IPO governance readiness — independent directors, ESOP restructuring

  • Business Snapshot (FY26)


  • Revenue: ₹1,120 crore (32% YoY growth)
  • Centres: 620 owned + 180 franchise
  • Monthly active users: 2.4 million
  • Adjusted EBITDA: Positive for FY26

  • Why It Matters


    Cult.fit's return to profitability and pre-IPO momentum signals a broader recovery for consumer-tech companies that survived the 2023–24 correction. A successful listing in 2027 would be one of India's first health-and-wellness IPOs.

    cult.fitcurefitpre-ipoacceltata capitalhealth tech

    Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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