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The round also witnessed participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
The round also saw participation from existing investor Titan Capital Winners Fund.
The venture capital firm will invest up to $2 million across seed to Series A in an individual startup.
The funding round saw participation from White Venture Capital and Samved Ventures, along with existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.
