Results · Professional & Local Services

CureFit posts FY25 results with narrowing loss

By Startup Enthusiast · 13 March 2026

What they do

CureFit is a fitness and wellness company offering services and apparel

In FY25, revenue rose 31% to ₹1,215 Cr while net loss fell 83% to ₹483 Cr

The company aims for EBITDA profitability in FY26 and is preparing for a public listing

CureFit reported ₹1,215 Cr in operating revenue for FY25, marking a 31% year-on-year increase.
The company's net loss narrowed significantly to ₹483 Cr, down from ₹888 Cr in the previous fiscal year.
Total revenue reached ₹1,272 Cr, which included ₹56.4 Cr in other income alongside core operations.
Expenses increased by 12% to ₹1,751 Cr, driven largely by higher service fees and facility costs.
CureFit recorded impairment charges on discontinued brands like Onyx, Trade.fit, Fitternity, and Fitso.
The fitness services vertical achieved EBITDA positivity starting from Q2 of FY26.
CEO Naresh Krishnaswamy targets overall EBITDA profitability for the company in FY26.
The firm is currently in talks with bankers regarding a potential $2 Bn initial public offering.

The significant reduction in losses indicates improving operational efficiency and cost management.
Discontinuing underperforming brands allowed the company to focus resources on its core fitness services.
Preparation for an IPO signals confidence in the company's financial trajectory and market position.
Temasek's continued investment through stake acquisition reflects strong investor support for the business model.

CureFit operates primarily through a services model generating ₹841.3 Cr in revenue during FY25.
It sells direct-to-consumer (D2C) apparel, contributing ₹326.4 Cr to total revenue.
A franchise model contributed approximately ₹50 Cr to the company's revenue streams.
The company integrates various fitness apps and platforms into a unified ecosystem for users.
Facility management expenses rose 28% to ₹129.3 Cr, reflecting growth in physical infrastructure.
Service fees expenses increased by 37% to ₹260 Cr, aligning with expanded service offerings.
Promotion and advertisement spending decreased slightly by 3% to ₹203 Cr.
Employee benefit expenses grew by 7% to ₹347.4 Cr, supporting workforce expansion.
The company previously acquired brands like Fitternity and Fitso to broaden its digital presence.

Temasek (Lead Investor) — Singaporean sovereign wealth fund leading recent stake acquisitions.
MacRitchie Investments (Buyer) — A subsidiary of Temasek acquiring partial stakes in the company.
Zomato (Investor) — Indian food delivery platform and strategic investor.
Tata Digital (Investor) — Digital arm of the Tata Group investing in the startup.
Accel (Investor) — Global venture capital firm backing the company.
Kalaari Capital (Investor) — Indian early-stage venture capital fund.
Chiratae Ventures (Investor) — Venture capital firm focused on Indian startups.
South Park Commons (Investor) — Venture capital firm investing in technology companies.
Binny Bansal (Angel Investor) — Co-founder of Flipkart and individual investor.
Hrithik Roshan (Angel Investor) — Bollywood actor and individual investor.

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