India, March 24 -- IPO-bound fitness unicorn CureFit, which operates the Cult.fit gym chain, has raised Rs.440 Cr ($47.2 Mn) in its Series G funding round from Singapore's sovereign wealth fund, Temasek.

As per its filings with the Registrar of Companies (RoC), the company's board approved the allotment of nearly 91 Lakh (90,98,052 to be precise) Series G compulsorily convertible preference shares (CCPS) at Rs.483.62 each to Temasek's affiliate entity MacRitchie Investments.

Post the transaction, MacRitchie's stake in the startup will increase to 11.88% from 8.95% earlier.

This comes weeks after Competition Commission of India (CCI) approved MacRitchie's proposal to acquire a partial stake acquisition in CureFit. Temasek is said to be ...