Cultfit raises $47 million from Singapore’s TemasekFitness startup Cultfit raised $47 million (Rs 440 crore) from Singapore-based Temasek, its first major funding in two years. The Bengaluru...
Why India's gyms are struggling to stay in shapeIndian gyms are struggling as membership renewals are dropping significantly. Rising operational costs, overcrowding, and the convenience o...
Tata Digital-backed Cult.fit raises $10 million in funding round led by Valecha InvestmentsThis funding round follows the Bengaluru-based fitness startup's cost-cutting exercise in January 2024 that saw around 100 employees being ...
Layoffs in 2024: List of companies that announced job cuts so far this yearAccording to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companie...
Cult.fit takes profit call, terminates over 100 employeesFitness firm Cult.fit has laid off 100 to 120 employees as part of a cost-cutting exercise, people in the know told ET. The firm’s parent e...
Fitness Centre shuts down without any notice, reminds netizens of ‘Laxmi Chit Fund’ from Phir Hera Pheri; Here’s what happenedA Twitter user slammed the fitness centre for shutting down without any notice. The post has gone viral on social media as internet users c...
India to drive cloud demand: SAP; Cult.fit eyes IPO in 12-18 monthsTerming India “one of the fastest growing markets (for SAP) in enterprise and mid-market segment,” Scott Russell, executive board member, c...
Fitness startup Cult.fit shaping up for public listing in 12-18 monthsThe company - which counts Tata Digital and Zomato as investors - is doubling down on its core fitness and fitness products business for no...
Startups go all out to attract talent; Lightspeed chases growth dealsIndian startups including the likes of Meesho, PhonePe, Upgrad, Purplle, Pristyn Care and Spinny are going all out to rope in and retain ta...
Mamaearth, Cult.fit snap up offline firms; Jio Platforms to bet $200M on GlanceWhile it may be too early to call it a trend, these aren’t the first tech startups to acquire old-school firms since the start of the pande...
Mukesh Bansal-led Cult.fit acquires Gold’s Gym India businessCult.fit will enable all Gold’s Gym centres with its technology and customer app. The Bengaluru-based startup will also look to expand the ...
Cultfit acquires RPM Fitness, three other equipment brandsCult.fit is also getting the manufacturing capability for bicycles and service network that extends to over 19,000 pin codes in the country.
Cult.fit acquires Tread to launch fitness hardware-at-home businessThe acquisition of Tread, which has launched a smart fitness bike, will help Cult.fit launch its hardware-at-home vertical.
CureFit lays off hundreds, cuts pay across levelsWhile the company founders will forgo their salaries, the management team and other staff would be taking a 50-20% pay cut as part of a pla...
Hrithik Roshan, Cult.Fit booked for cheating; fitness chain says complainant behaved 'violently' with staffThe complainant alleged that he was not given daily workout sessions.
CureFit may acquire $75 million in a round led by Accel and ChirataeThe transaction, when completed, is expected to value the health and fitness company at about $500 million
Mukesh Bansal's CureFit eyes 500 CultFit fitness centres by 2020CureFit is also looking at rolling out its AI-based product by end of current year and launch its first health fitness device sometime earl...