Bengaluru: Sportswear platform Agilitas has raised Rs 225 crore in fresh funding from existing investor Nexus Venture Partners and Rainmatter, as it accelerates plans to build an integrated sportswear ecosystem spanning manufacturing, brands, and retail. The round includes a follow-on investment of Rs 200 crore from Nexus Venture Partners and Rs 25 crore from Rainmatter. This funding comes on top of the Rs 100 crore invested by Nexus and the Rs 400 crore funding round advised by Convergent Finance in 2023.
Growth Capital Deployment
Agilitas founder and CEO Abhishek Ganguly stated that there is no shortage of interest from capital partners. He emphasized that the capital is being raised for growth, not to keep the business afloat. The fresh capital will be deployed across manufacturing expansion, retail rollout, product development, research and development, talent acquisition, and brand building.
Manufacturing and Brand Expansion
Agilitas, co-founded by former Puma India MD Ganguly, is building a full-stack sportswear platform. The company entered manufacturing through the acquisition of Mochiko Shoes, one of India's largest sports footwear manufacturers. When Mochiko was acquired, its revenue was about Rs 640 crore. Last year, Agilitas closed at around Rs 1,350 crore, more than doubling the business by expanding capacity.
Alongside manufacturing, Agilitas is expanding its brand portfolio. The company launched Lotto in India last year and plans to open exclusive brand outlets across the country later this year. On June 21, it will launch One8, the performance sportswear brand co-founded with Virat Kohli. A third brand is expected to launch later this year.
Strategic Investors and Employee Participation
Strategic investors in Agilitas include Virat Kohli, who invested Rs 40 crore in the company, along with Anushka Sharma, Yuvraj Singh, Hardy Sandhu, and Abhishek Sharma. The company also saw participation from 58 employees in an internal funding round last year.
Retail Expansion through Sportsyard
Agilitas has also entered sports retail through its Sportsyard format. Its first Bengaluru store turned profitable within months of launch, and the company plans to open 10 more stores this financial year.
Financial Performance and Future Goals
Agilitas closed FY26 with revenue of nearly Rs 1,400 crore and expects to cross Rs 1,800-1,900 crore this fiscal year. Looking ahead, Ganguly said the company aims to build a $1 billion sportswear business from India while maintaining sustainable and profitable growth.
