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Accel Eyes Cult.fit IPO, Boosts AI and Defense Tech Investments
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CNBC TV18•01-10-2026, 12:34
Accel Eyes Cult.fit IPO, Boosts AI and Defense Tech Investments
- •Venture capital firm Accel is preparing for more public market debuts, including fitness platform Cult.fit, following successful exits this year.
- •Accel is directing fresh capital towards artificial intelligence (AI), deep tech, and defense tech, according to Partner Subrata Mitra.
- •The strategy follows the stellar market debut of portfolio company Moneyview, which listed at a 60% premium and sustained a 70% gain on its first day.
- •Accel remains the dominant shareholder in Moneyview with a near 70% stake, despite participating in the Offer for Sale (OFS).
- •The firm evaluates year-on-year expansion, bottom-line growth, technology efficiency, and overall scale before initiating the listing process for its portfolio companies.
Key Questions Answered
Fitness platform Cult.fit is part of Accel's upcoming public offering pipeline and could list before the end of the calendar year.
Accel India remains the dominant shareholder in Moneyview with a near 70% stake following its recent public offering.
Accel is expanding its investment focus beyond financial services to evaluate and back startups in emerging areas like artificial intelligence, deep tech, and defence tech.
