Cultfit appoints Naresh Krishnaswamy as CEO, replacing co-founder Mukesh Bansal as chairman; company restructures for profitability.

Cultfit, a fitness startup backed by Zomato, has appointed Naresh Krishnaswamy as its new CEO, replacing co-founder Mukesh Bansal, who has moved to the chairman position. The company is restructuring to fast-track its route to profitability, including cost-cutting measures and streamlining operations. Bansal is also reportedly raising funds for a new venture in the Gen Z-focused premium fashion space.