Cult.fit
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Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Cult.fit has received SEBI observations for its IPO, which combines a ₹950 crore fresh issue with an offer for sale of up to 17.86 crore shares.Reported: Watch:
- Reported: A founder-linked dispute over a 2016 asset and IP transfer has surfaced after Cult.fit’s draft IPO filing.Reported: Watch:
- Reported: Cult.fit files for IPO: FY26 revenue up 41.6% to ₹1,720.6 Cr as losses halve, Cultsport retail scales to 50 storesReported: Watch:
Background
From 5 stories, the newest dated 27 Aug 2026. Summary written 2 Oct 2026. Newer developments are under Latest moves.
Cult.fit is a fitness company and consumer brand in India.
Show 2 more paragraphs and 5 sources
It is expanding through a franchise-owned, company-operated model and operates Cultsport retail stores as a business alongside its fitness activities. [1] source: The Hindu BusinessLine[2] source: The Ken[3] source: Inc42 Executive chairman Mukesh Bansal said the company is working toward an IPO. [2] source: The Ken
In August 2026, Cult.fit said it plans to build a presence in up to 100 cities over the next 4-5 years. [1] source: The Hindu BusinessLine In July 2026, it filed for an IPO that included up to ₹950 Cr in fresh issue and up to 17.86 Cr shares offered for sale. [4] source: Inc42[3] source: Inc42[5] source: Entrackr Its FY26 operating revenue was ₹1,720.6 Cr, up 41.6% YoY, while its FY26 net loss was ₹251.9 Cr, down 48% from ₹480.6 Cr. [3] source: Inc42 Cultsport retail expanded from 29 to 50 stores, with ₹23.4 Cr allocated to store expansion. [3] source: Inc42 Cult.fit reported an FY26 EBITDA margin of about 8.5%, compared with negative 3% in the previous year. [1] source: The Hindu BusinessLine
Sources
Questions about Cult.fit
Who leads Cult.fit?
Cult.fit's executive chairman is Mukesh Bansal, who said the company is working toward an IPO. [2] source: The Ken
How fast is Cult.fit growing in India?
Cult.fit reported FY26 operating revenue of ₹1,720.6 Cr, up 41.6% YoY, and a net loss of ₹251.9 Cr, down 48% from ₹480.6 Cr. [3] source: Inc42
What is Cult.fit's current strategy in India?
In August 2026, Cult.fit said it plans to expand into up to 100 cities over the next 4-5 years. In July 2026, it filed for an IPO with up to ₹950 Cr in fresh issue and up to 17.86 Cr shares offered for sale. [1] source: The Hindu BusinessLine[4] source: Inc42[3] source: Inc42[5] source: Entrackr
Stories that mention Cult.fit
5 stories
Cult.fit is named in these stories but is not their subject.
- Decathlon India expands B2B push to schools, government and smaller cities
- Zepto, PhonePe, Oyo and boAt among consumer firms in India’s IPO pipeline
- NuPlay eyes another acquisition within 6–12 months after Verloop.io deal
- SEBI clears IPOs for Rentomojo, Cult.fit, Zetwerk, Tonbo, Moneyview
- Karnataka startups bag $868M in Q1 2026; retail second-largest sector at $275M