Zomato-backed Cult.fit bags $10 Mn from Valecha Investments, others

Fitness unicorn Cult.fit has raised INR 84.5 Cr in its series F funding round, led by existing backer Valecha Investments. The round also saw participation from Extreme Brands LLP, L&K Wellness Services Private Limited, among several others. As per Cult.fit’s regulatory filings with the Registrar of Companies, the startup allotted over 7.5 Lakh Series F compulsory convertible preference shares (CCPS) to Valecha Investments in October last year, raising INR 26.4 Cr. This was followed by allotment of 5.8 Lakh CCPS to Gul Advani, who invested INR 28.3 Cr in the company.