<ul><li>Cult.fit, a fitness unicorn backed by Zomato, has selected investment bankers for its Rs 2,500 crore IPO.</li><li>The company plans to raise up to ₹2,500 crore through the IPO, which is expected to value the company at approximately $2 billion.</li><li>Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, and JM Financial have been appointed as the book-running lead managers for the issue.</li><li>Cult.fit aims to expand its presence, strengthen its tech infrastructure, and enhance its product offerings with the IPO.</li></ul>

Zomato-backed Cult.fit picks Investment bankers for Rs 2,500 Cr IPO: Report

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