Home / Companies / News / Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown

Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown

In December, food delivery company Zomato invested $100 million in Cult.fit, as part of a Series F fundraise of $150 million, making the health start-up a unicorn

Wellness unicorn Cult.fit becomes Gold's Gym franchise owner in India

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Gold’s Gym is the second largest player in fitness in India with more than 140 outlets in over 90 cities

3 min read Last Updated : Feb 14 2022 | 1:29 PM IST

Health and wellness start-up Cult.fit has picked up a majority stake in F2 Fun & Fitness India, thereby becoming the master franchise partner for Gold’s Gym in India. The companies did not disclose the value of the deal.

In December, food delivery company Zomato invested $100 million in Cult.fit, as part of a Series F fundraise of $150 million, making the health start-up a unicorn with a valuation of around $1.5 billion. Zomato has a 6.4 per cent stake in the company after the deal.

Cult.fit said its endeavour is to continue scaling its business nationally, across non-metro cities and

Topics : Fitness Gym M&A

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