Cult.fit may go for an IPO in the next 12-18 months

19 Oct 2022 , 09:05 AM

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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