Cult.fit, a fitness startup, plans to go public in 12—18 months once its main club business generates an operating profit.
In addition, Cultfit’s revenue has increased by more than 50% from pre-Covid-19 levels.
“The two businesses–our fitness and fitness products business–will lead the charge for Cult.fit over the next 12-18 months as we look towards turning completely profitable at an Ebitda level and as we look towards our IPO event in the next 12-18 months,” Naresh Krishnaswamy, business head, said.
Ebitda stands for earnings before interest, taxes, depreciation, and amortization for a business.
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