Cult.fit Shortlists Five Bankers For INR 2,500 Cr IPO

The Zomato-backed startup has shortlisted Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley and JM Financial to helm its INR 2,500 Cr ($292 Mn) public offering

The IPO is likely to value the startup at $2 Bn, a near 28% jump from its last known valuation of $1.56 Bn

In FY24, Cult.fit’s (erstwhile Curefit) operating revenue soared 33.6% to INR 926.6 Cr from INR 693.7 Cr in FY23

Adding to the list of startup unicorns eyeing IPOs, fitness unicorn Cult.fit has reportedly initiated its bid to become a publicly listed…