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CULTFIT ACQUISITIONS
ETtech Deals Digest: Startups raise $936 million in March so far; down 56% on-yearThe number of deals during the month, however, was down at 94, compared to 237 in the corresponding month last year.- NextLeap Acquires PM School to expand product management education in IndiaNextLeap, a Bengaluru-based skilling platform, has acquired PM School to enhance its product management training. This acquisition aims to ...
- Mukesh Bansal’s new startup Nurix AI raises $27.5 million from Accel, General CatalystThe new company, Nurix AI, which builds custom AI agents for enterprise services like sales and customer support in initial use cases, was ...
- United Spirits invests in non-alcoholic and coffee-based alcohol companies to fuel new growthThe company will acquire 15% in V9 Beverages that markets and sells India’s first distilled non-alcoholic spirit brand Sober Gin, Sober Rum...
- Non-alcohol is the only market segment with positive momentum in several markets including India - IWSRThe non-alcohol market segment is experiencing growth due to an increase in no-alcohol drinkers in key markets like India, China, the UK, a...
- Exclusive | Mukesh Bansal steps back from daily ops at Tata NeuBansal, cofounder of fashion e-tailer Myntra, had joined Tata Digital in June 2021. He is, however, no longer involved in Neu’s key busines...
- 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...
- Prosus Ventures may join funding round of ex Myntra CEO’s new fashion startupYet to be launched, Virgio, maybe valued at over $150 million, launch likely later in Sept.
- Aditya Kondawar on what is ailing Zomato and other new tech stocks“The kind of acquisitions that Zomato has done recently may not necessarily fit into the whole delivery ecosystem. Zomato disclosed that th...
- 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 ...
- Exclusive: Former Myntra CEO Amar Nagaram’s new venture in talks to raise funds at $100 million valuationFormer Myntra CEO Amar Nagaram's startup is in advanced talks with investors such as Falcon Edge and Accel Partners to raise its first roun...
- 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.
- ETtech Deals Digest: Curefit, EatClub Brands raise fundsHealth and fitness platform Curefit and cloud kitchen startup EatClub Brands were among the companies that raised funds this week.
- Zomato Q2 revenue surges to Rs 1,024 crore; firm invests in Curefit, Magicpin and ShiprocketOnline food delivery firm to invest $1 billion more in startups, large part of it to be in quick commerce
- Inside Tata Digital's plan to integrate online businesses and launch a super appHaving struck back-to-back deals to boost its consumer internet play through acquisitions such as BigBasket, 1mg and Cultfit (which is curr...
- 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.
- Cure.fit acquires Fitness First, brings Oaktree Capital on board of CultThis is the fifth such acquisition by Cure.fit, which acquired Cult, Tribe Fitness, a1000Yoga and Kristy’s Kitchen in Bengaluru.
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