Launch · Professional & Local Services
Cult.fit expands into retail and products to boost profitability
By Startup Enthusiast ·
- Date
- Company
- Cult.fit
- What it does
- fitness services and products
- Kind
- Launch
- Based in
- Bengaluru
- Founded
- 2016
What they do
Cult.fit, founded in 2016, is expanding from gym memberships to selling fitness products like apparel, footwear, and equipment
What happened
Product sales grew from ₹64.2 Cr in FY22 to ₹326.4 Cr in FY25, contributing 30% of overall revenue
Why it matters
The company is building 29 exclusive brand outlets and plans to open 30-35 more stores this fiscal year
The details
- Cult.fit is expanding beyond gym memberships to sell fitness products like apparel, footwear, and equipment, aiming to become the Decathlon of India.
- Revenue from product sales grew from ₹64.2 Cr in FY22 to ₹326.4 Cr in FY25, contributing 30% of overall revenue.
- Operating revenue rose from ₹215.7 Cr in FY22 to ₹1,215.5 Cr in FY25.
- Cult.fit has built 29 exclusive brand outlets (EBOs) and plans to open 30-35 more stores this fiscal year.
- Cult Neo is an affordable gym format targeting a price point of ₹10,000-₹12,000 for an annual membership.
- Cult Neo is growing at twice the pace of the premium category and is expected to expand to 100 Indian cities.
- Pilates Circle is a premium format with subscriptions costing around ₹30,000 for a few months.
The bigger picture
- Cult.fit is diversifying revenue streams to improve profitability, with product sales emerging as a key growth engine.
- The company's product business benefits from years of category expansion, starting with apparel and expanding into footwear, fitness equipment, and accessories.
- Cult.fit keeps its product design and material selection in-house but outsources manufacturing to remain asset-light.
- Customer insights from gym interactions help the company identify new product opportunities and stay relevant across fitness categories.
- Distribution is a key focus, with 70% of product sales currently happening online and plans to increase offline sales.
About the business
- Cult.fit offers gym memberships, group workouts, and home fitness sessions through its app and website.
- The company sells fitness products like apparel, footwear, gym equipment, and accessories through its online store and exclusive brand outlets.
- Cult Neo is an affordable gym format targeting a broader customer base with memberships priced between ₹10,000 and ₹12,000 annually.
- Pilates Circle is a premium fitness format offering specialized workouts for a higher price point.
- Cult.fit operates in cities like Bengaluru, Hyderabad, and Delhi, with plans to expand to Lucknow and Pune.
- The company uses technology to deliver a world-class fitness experience with live workouts and calorie tracking.
- Cult.fit has a strong online presence with promotions, free trials, and discounts to attract new members.
What happens next
- Cult.fit plans to expand its offline retail presence with more exclusive brand outlets.
- The company intends to grow Cult Neo to 100 Indian cities.
- Cult.fit aims to increase offline sales to a larger share of product revenue.
The deal
- Type
- results
Founders
- Mukesh Bansal, co-founder
- Ankit Nagori, co-founder
About Cult.fit
- Product
- Hybrid fitness model combining digital workout offerings through app with 700+ physical gym locations
- Customers
- Fitness enthusiasts seeking gym memberships and digital workout programs
- How it makes money
- Recurring gym membership revenue plus digital subscription
More on Cult.fit
- Cult.fit co-founder seeks to quash forgery FIR25 August 2026 · Legal
- Cult co-founder accused of forging signatures8 August 2026 · Legal
- Cult.fit files DRHP for up to ₹4,000 crore IPO on BSE and NSE7 July 2026 · IPO · up to ₹4,000 crore
- Cult.fit appoints board members ahead of Rs 2500 crore IPO7 April 2026 · IPO · Rs 2,500 crore
- Cult.fit raises Rs 440 crore from Temasek24 March 2026 · Funding · ₹440 crore