About CultFit
CultFit is a company based in Bengaluru (India) founded in 2015 by Deepak Poduval and Rishabh Telang was acquired by Cult.fit in August 2016.. CultFit has raised $315.59 thousand across 1 funding round from investors including Cult.fit. CultFit operates in a competitive market with competitors including Gold's Gym, Multifit, DCAMP, The Pilates Studio and KnoxFit, among others.
- Headquarter Bengaluru, India
- Founders Deepak Poduval, Rishabh Telang
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cultfit Healthcare Private Limited
- Date of Incorporation 05 Aug, 2016
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
-
Annual Revenue
$25.94 M (USD)51.68as on Mar 31, 2023
-
Net Profit
$-19.55 M (USD)8.6as on Mar 31, 2023
-
EBITDA
$-7.1 M (USD)-137.52as on Mar 31, 2023
-
Total Equity Funding
$315.59 K (USD)
in 1 rounds
-
Latest Funding Round
$315.59 K (USD), Angel Round
Apr 05, 2016
- Investors
-
Employee Count
Employee Count
-
Acquired by
Cult.fit
(Aug 24, 2016)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $315,590
-
First Round
First Round
(05 Apr 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Angel Round - CultFit | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CultFit
CultFit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cult.fit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by CultFit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - CultFit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cultfit Comparisons
Competitors of CultFit
CultFit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gold's Gym, Multifit, DCAMP, The Pilates Studio and KnoxFit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fitness memberships and training programs are provided by the company.
|
|
| domain | founded_year | HQ Location |
Chain of fitness centers
|
|
| domain | founded_year | HQ Location |
Offers fitness classes, diet plans, and recreational events for holistic wellness.
|
|
| domain | founded_year | HQ Location |
Operates a chain of physical fitness centers specializing in Pilates.
|
|
| domain | founded_year | HQ Location |
Personal and group fitness classes are offered by KnoxFit.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cultfit
Frequently Asked Questions about CultFit
When was CultFit founded?
CultFit was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is CultFit located?
CultFit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of CultFit?
Rishabh Telang is the current CEO of CultFit. They have also founded this company.
Is CultFit a funded 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 05, 2016.
What is the annual revenue of CultFit?
Annual revenue of CultFit is $25.94M as on Mar 31, 2023.
What does CultFit do?
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.
Who are the top competitors of CultFit?
CultFit's top competitors include Multifit, Gold's Gym and KnoxFit.
Who are CultFit's investors?
CultFit has 1 investor. Key investors include Cult.fit.