Here is a wrap-up of the latest top business news stories shaping the fitness and wellness industry from the past day and over the weekend, complete with source links:

1. Cult.fit Receives SEBI Nod for IPO Indian fitness major Cult.fit has officially received regulatory approval from the Securities Exchange Board of India (SEBI) for its initial public offering. The company aims to raise nearly ₹950 crore to fund the expansion of new fitness centers, as well as ongoing branding and marketing efforts. Source: Livemint

2. The Picklr Files for Bankruptcy In a sign that the rapid, pandemic-era racket sports boom may be cooling, indoor pickleball franchise The Picklr has officially filed for bankruptcy amid reports of slowing pickleball growth across the United States. Source: Athletech News

3. PureGym’s $315M European Expansion Value-fitness giant PureGym has announced a major acquisition, purchasing a Swiss gym chain for $315 million. The move is part of the company’s aggressive strategy to expand its operational footprint across Europe. Source: Athletech News

4. Solidcore Founder Pays Unpaid Y7 Yoga Workers Following the recent collapse of the popular hot yoga chain Y7, Solidcore founder Anne Mahlum stepped in to assist stranded employees. Mahlum reportedly spent approximately $123,000 out of her own pocket to cover weeks of unpaid wages for the former Y7 workers. Source: Athletech News

5. ABC Fitness Acquires Agentic AI Platform Highlighting the continued push for artificial intelligence in gym operations, club management software provider ABC Fitness has acquired an agentic AI platform. The technology is already being utilized by major operators including Gold’s Gym and UFC Gym to streamline member experiences and operations. Source: Athletech News

6. ROSE Launches ‘Exposure Health’ Platform A new startup called ROSE, founded by former Ghia executive Henry Ellis and entrepreneur Eli Bronner, has launched to introduce the concept of “exposure health” to the wellness space. The company’s initial offering is a $399 at-home water testing kit designed to screen for over 100 contaminants. Sources: Fitt Insider & Athletech News