CureFit, the Bengaluru-based health and fitness startup, reported significant financial progress in its fiscal year 2025. Founded in 2016 by Mukesh Bansal and Ankit Nagori, CureFit operates the popular Cult.fit gym chain and focuses on holistic health solutions.
In FY25, CureFit demonstrated an 83% reduction in net loss, narrowing it down to ₹483 Cr from the previous year’s ₹888 Cr. This positive financial outcome reflects the startup’s strategic decisions and operational efficiency.
CureFit’s total revenue for FY25 reached ₹1,272 Cr, with operating revenue increasing by 31% to ₹1,215 Cr. The majority of revenue, amounting to ₹841.3 Cr, came from service sales. Additionally, CureFit’s D2C fitness apparel brand contributed ₹326.4 Cr to its revenue stream.
The startup’s decision to discontinue operations for brands Onyx and Trade.fit in FY24 resulted in impairment costs, but was part of its restructuring efforts to streamline its offerings and optimize its business model.
CureFit’s franchise model, generating around ₹50 Cr, also played a significant role in its revenue diversification strategy. The startup’s financial progress in FY25 underscores its resilience and adaptability in the competitive health and fitness market.
Source: Inc42 Media