Argus Partners, Khaitan act on Cult.fit ₹440 crore Series G fundraise

Health and wellness platform Cult.fit (Curefit Healthcare Private Limited) has raised ~₹440 crore ($47 million) from a Series G fundraise, led by Temasek, through its investment arm, MacRitchie. 

Argus Partners advised Cult.fit on this fundraise.

The transaction team consisted of Ashwin Krishnan (Partner) and Shivali Srivastava (Associate).

Anindya Ghosh (Partner) provided strategic inputs on the transaction.

Khaitan & Co advised Temasek on this fundraise. The Firm provided end-to-end transactional advice to Temasek on all aspects including structuring, negotiation of transaction agreements, and merger control filing and approval.

The core transaction team consisted of Sharad Moudgal (Partner), Srikanth Mantravadi (Counsel), Shreyas Bapat (Principal Associate) and Raksha H R (Associate) with assistance from the following:

CCI advice, filing and related aspects: Anisha Chand (Partner), Alisha Mehra (Principal Associate), Associates Ritika Ghosh and Joshua Kurien George;

SEBI and public markets related matters: Chirayu Chandani (Partner) and Aditya Cheriyan (Partner).

Cult.fit is a "Made in India" health and fitness company founded in 2016 by Mukesh Bansal and Ankit Nagori. It offers a blend of digital and offline experiences across fitness, nutrition, and mental well-being. Cult.fit provides access to gyms, group workout classes, and at-home workouts through various membership plans, aiming to deliver comprehensive wellness solutions.

With this investment, Temasek's shareholding in the company increases to ~11.88% (subject to certain other criteria).

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