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Grapevine: Vodafone Idea explores equity raise; Cult.fit raises fresh capital

General

27 February, 2024

Grapevine: Vodafone Idea explores equity raise; Cult.fit raises fresh capital

Vodafone Idea is considering an equity raise from new investors, potentially diluting stakes of existing shareholders such as Vodafone Group ......

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Grapevine: Edelweiss raises second infra fund; Jindal Power drops M&A plan

General

25 January, 2024

Grapevine: Edelweiss raises second infra fund; Jindal Power drops M&A plan

Edelweiss Alternatives has raised over Rs 8,000 crore (almost $1 billion) for its second infrastructure fund, Edelweiss Alternatives Infrastructure Yield ......

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Deals Digest: Momentum slows even further than last week's lows

General

05 January, 2024

Deals Digest: Momentum slows even further than last week's lows

Private equity and venture capital deal flow started 2024 on a snail-like pace as momentum in terms of value remained ......

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Cult.fit takes full control of American fitness chain's India business

Consumer

02 January, 2024

Cult.fit takes full control of American fitness chain's India business

Tata Digital-backed health and fitness platform Cult.fit has completed the acquisition of remaining stake it didn’t already own, in a ......

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Cult.fit's fitness services business turns cash-flow positive, eyes 50% growth in FY24

TMT

16 November, 2023

Cult.fit's fitness services business turns cash-flow positive, eyes 50% growth in FY24

Tata Digital-backed health and wellness platform Cult.fit’s fitness services business, under which it operates its own gym centres and runs ......

Cult.fit's FY22 loss marginally higher; topline rises 34%

Finance

11 November, 2022

Cult.fit's FY22 loss marginally higher; topline rises 34%

Tata Digital-backed Cult.fit’s reported a loss of Rs 681 crore for FY22, compared to Rs 671 crore in the previous ......

Kalaari Capital backs AI-based platform Convin.ai in seed funding

TMT

28 April, 2022

Kalaari Capital backs AI-based platform Convin.ai in seed funding

Artificial intelligence-driven platform Convin.ai.ai said it has raised Rs 16 crore (around $2.1 million) in its seed funding round led ......

Cult.fit acquires RPM fitness, Fitkit, Onefitplus, and Urban Terrain

TMT

20 December, 2021

Cult.fit acquires RPM fitness, Fitkit, Onefitplus, and Urban Terrain

Fitness and wellness platform Cult.fit has acquired at-home cardio-equipment brands RPM fitness, Fitkit, Onefitplus and outdoor bicycles brand, Urban Terrain, ......

Cult.fit acquires TREAD as part of hardware vertical foray

TMT

10 June, 2021

Cult.fit acquires TREAD as part of hardware vertical foray

Fitness and wellness platform cult.fit has acquired TREAD, a Bengaluru-based connected fitness startup that recently launched a smart fitness bike. ......

Grapevine: Tatas in talks to buy Cult.fit; InVideo, Locus to raise funding

General

27 May, 2021

Grapevine: Tatas in talks to buy Cult.fit; InVideo, Locus to raise funding

The Tata group is in discussions to acquire fitness startup Cult.fit, people told The Economic Times.  The startup’s co-founder Mukesh Bansal ......