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 comprises a follow-on investment of Rs 200 crore from Nexus Venture Partners and Rs 25 crore from Rainmatter. The 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.“There is absolutely no dearth of interest from capital partners,” Agilitas founder and CEO Abhishek Ganguly told TOI. “I am not raising capital to keep the business afloat. I am raising capital for growth.” The fresh capital will be deployed across manufacturing expansion, retail rollout, product development, R&D, talent acquisition and brand building.Agilitas, co-founded by former Puma India MD Ganguly, is building a full-stack sportswear platform spanning manufacturing, brands and retail. The company entered manufacturing through the acquisition of Mochiko Shoes, one of India’s largest sports footwear manufacturers.“When we acquired Mochiko, the business was doing about Rs 640 crore in revenue. Last year we closed at around Rs 1,350 crore. We expanded capacity and more than doubled the business,” Ganguly said.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 in Agilitas include 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.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.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.
