Tata Digital-backed healthtech platform Cult.fit has secured $10.2 million in its Series F round with Valecha Investments leading the funding. The company issued equity shares and CCPS to raise the amount. Cult.fit has raised over $670 million to date and recently acquired Gold’s Gym’s India business.
The regulatory filings with the RoC revealed that Cult.fit issued 1,55,080 equity shares and 15,92,157 Series C CCPS at Rs 483.62 per share. Valecha Investments led the round with Rs 36.36 crore. The start-up news portal Entrackr was the first to report on the funding.
Last month, Cult.fit laid off nearly 150 employees to attain profitability by FY25. In January this year, Indian startups raised $732.7 million across 107 deals amidst layoffs, shutdowns, and top-level exits. Cult.fit’s recent funding and acquisitions highlight its commitment to growth and expansion in the health and wellness sector.
With investments from Tata Digital, Zomato, Temasek, and Kalaari Capital, Cult.fit continues to make significant strides in the healthtech industry. The funding from Valecha Investments will further support Cult.fit’s mission to provide innovative and accessible health and wellness solutions to its users.
