About CultFit
CultFit is a Healthcare company based in Bengaluru (India) founded in 2015 by Deepak Poduval and Rishabh Telang, and was acquired by Cult.fit in August 2016. A chain of fitness centers is operated across India. CultFit has raised $315.59 thousand across 1 funding round from investors including Cult.fit. Its chief executive, as recorded, is Rishabh Telang. Its Indian entity Cultfit Healthcare Private Limited reported revenue of ₹582 Cr. Its focus areas include Fitness and Wellness Chains and Physical Fitness. Its competitors include Gold's Gym, Multifit and DCAMP.
Company details
CultFit was founded in 2015 in Bengaluru, India, by co-founders Deepak Poduval and Rishabh Telang, the latter serving as CEO. A network of fitness centers is managed nationwide, with services focused on gym access, group classes, and wellness programs. Operations are centered in the health and fitness sector, targeting urban areas for member-based activities. The domain cultfit.in is utilized for online engagement and bookings.
- Headquarters Bengaluru, India
- Founders Deepak Poduval, Rishabh Telang
- Stage Acquired
- SectorsHealthcare
- Website cultfit.in
- Social LinkedIn
- Acquired by Cult.fit (Aug 2016)
- Legal Name Cultfit Healthcare Private Limited
- Date of Incorporation 05 Aug, 2016
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of CultFit
CultFit operates through Cultfit Healthcare Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cultfit Healthcare Private Limited CIN U74999TN2016PTC176668 | Active | 05 Aug 2016 | Chennai, Tamil Nadu | ₹582 Cr | 1,015 | 3 | View details |
Funding Insights of CultFit
CultFit has successfully raised a total of $315.59K through 1 strategic funding round. The most recent funding activity was a Angel Round of $315.59 thousand completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $315,590
- Total Rounds 1
- Last Round Angel Round — $315,590
- First Round $315,590
(Apr 2016)
All 1 funding rounds of CultFit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2016 | $315,590 | Angel Round | – | – | – |
1 investors in total: 1 institutional.
Investors in CultFit
CultFit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cult.fit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | cult.fit | Bengaluru, India |
Investor details for CultFit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Cultfit Healthcare Private Limited (CultFit)
Cultfit Healthcare Private Limited is the primary company behind CultFit. The board of Cultfit Healthcare Private Limited currently have 3 directors; the longest-serving is Federico Alvarez Demalde, appointed in 2019. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Federico Alvarez Demalde DIN 08415111 | Director | 25 Jun 2019 | 7 yrs 4 mo | Cultfit Healthcare Private Limited |
| Rishabh Telang DIN 07322550 | Whole-time director | 03 Sep 2019 | 7 yrs 1 mo | Cultfit Healthcare Private Limited |
| Mujtabha Khursheed Magrey DIN 08538256 | Whole-time director | 04 Sep 2019 | 7 yrs 1 mo | Cultfit Healthcare Private Limited |
People of CultFit
2 people are tracked at CultFit (2 in leadership).
| Name | Role | Group |
|---|---|---|
Deepak Poduval | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for CultFit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of CultFit
Figures of Cultfit Healthcare Private Limited, the primary company behind CultFit, for FY 2025. Revenue was ₹582 Cr (+64% year on year). Net loss was -₹155 Cr (-27% margin). EBITDA was ₹75.03 Cr (13% margin). Revenue has grown at a compounded annual rate of +18% over five years.
- ₹582 CrRevenue · FY 2025 · +64% YoY
- -₹155 CrNet loss · -27% margin
- ₹75.03 CrEBITDA · 13% margin
- ₹2.23 CrPaid-up capital
- 1,015Employees (provident fund records)
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cultfit Healthcare Private Limited are on its company page.
Detailed financial statements for CultFit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of CultFit
3 dated milestones of CultFit across 1 years, from founding to its latest funding, stage changes and deals.
- Founded CultFit is founded.
- Funding First funding round of $316K.
- Exit Acquired by Cult.fit.
Competitors of CultFit
CultFit has 3 listed competitors in our database. They include Gold's Gym, Multifit and DCAMP.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goldsgym.in | 2002 | Mumbai, India | 64 | Fitness memberships and training programs are provided by the company. | ||
| multifit.in | 2015 | Pune, India | 90 | Chain of fitness centers | ||
| dcamp.in | 2013 | Coimbatore, India | Offers fitness classes, diet plans, and recreational events for holistic wellness. |
Detailed competitors of CultFit
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Related news about Cultfit
Complete news archive for CultFit
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- Older coverage
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Articles about CultFit on our blog
- Top 10 Indian Startups trending in 201917 Apr 2020
Frequently Asked Questions about CultFit
CultFit was founded in 2015 and raised its 1st funding round 1 year after it was founded.
CultFit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rishabh Telang is the CEO of CultFit, as recorded in our data. They have also founded this company.
CultFit is a funded company, having raised a total of $315.59K across 1 funding round to date. The company's 1st funding round was a Angel Round of $315.59K, raised on Apr 2016.
The primary company behind CultFit, Cultfit Healthcare Private Limited, reported revenue of ₹582 Cr for FY 2025, up 64% year on year.
CultFit was founded in 2015 in Bengaluru, India, by co-founders Deepak Poduval and Rishabh Telang, the latter serving as CEO. A network of fitness centers is managed nationwide, with services focused on gym access, group classes, and wellness programs. Operations are centered in the health and fitness sector, targeting urban areas for member-based activities. The domain cultfit.in is utilized for online engagement and bookings.
CultFit's top competitors include Multifit, Gold's Gym and DCAMP.
CultFit has 1 investor. Key investors include Cult.fit.
CultFit operates through Cultfit Healthcare Private Limited.
Yes. CultFit was acquired by Cult.fit in August 2016.
The legal entities of CultFit currently have 3 directors, including Rishabh Telang, Mujtabha Khursheed Magrey, Federico Alvarez Demalde.