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Economic Times

Economic Times

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Tata Digital-backed Cult.fit raises $10 million in funding round led by Valecha Investments

Bengaluru-based health and fitness platform Cult.fit has raised Rs 84.5 crore ($10.2 million) in a funding round led by Valecha Investments. Other investors in the round include Gul Advani of Sun-n-Sand Hotels and Extreme Brands LLP. This funding comes after the company's cost-cutting measures in January 2024 that led to employee layoffs. Cult.fit offers online and offline fitness services, including group workouts at its centers and online training. The startup had previously raised over $650 million from investors like Accel and Temasek, and was valued at over $1.5 billion after a funding round led by Zomato in 2021.

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