Funding · Healthcare & Life Sciences

CureFit raises ₹440 Cr in Series G funding from Temasek

By Startup Enthusiast · 23 March 2026

What they do

CureFit is a health and fitness platform that runs the Cult.fit gym chain with over 700 gyms in 40+ cities

It raised ₹440 Cr in Series G funding from Temasek through its affiliate MacRitchie Investments, increasing their stake to 11.88%

The company is preparing for an IPO targeting a $2 Bn valuation and has trimmed its net loss by 83% in FY25

CureFit, a health and fitness platform, raised ₹440 Cr in its Series G funding round from Temasek through its affiliate MacRitchie Investments.
The funding was in the form of compulsorily convertible preference shares (CCPS) at ₹483.62 each.
MacRitchie Investments' stake in CureFit increased to 11.88% from 8.95%.
The Competition Commission of India (CCI) approved MacRitchie’s proposal to acquire a partial stake in CureFit.
CureFit is preparing for an IPO with a target valuation of $2 Bn.

CureFit has raised over $660 Mn to date from investors like Zomato, Tata Digital, and Accel.
The company operates over 700 gyms under the Cult.fit brand in 40+ cities.
CureFit achieved unicorn status in 2021 and has reduced its net loss by 83% to ₹483 Cr in FY25.

CureFit runs the Cult.fit gym chain with three models: self-owned gyms, franchised gyms, and a marketplace model.
It offers various gym subscriptions and operates in 40+ cities across India.
The company has 700+ gyms and provides fitness services through a digital platform.
CureFit’s revenue increased by 31% to ₹1,215 Cr in FY25.
It has raised $660 Mn in total funding from investors like Temasek, Accel, and Kalaari Capital.

CureFit is preparing for an IPO with a target valuation of $2 Bn.
It has shortlisted Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, and JM Financial as bankers for the IPO.

Product: and fitness startup
Customers: Consumers seeking fitness, wellness and related health services
How it makes money: Direct-to-consumer fitness and wellness services under the Cult.fit brand
What sets it apart: Integrated health and wellness platform spanning physical fitness and wellness offerings
Operations: Operates physical fitness centers and other wellness formats under Cult.fit