Agilitas Sports has secured Rs 225 crore in fresh funding from Nexus Venture Partners and Rainmatter as the sportswear startup accelerates its manufacturing expansion, retail growth, and brand-building initiatives across India. The company plans to use the newly raised capital to strengthen its position in the rapidly growing sportswear and athletic footwear market.
Co-founder and CEO Abhishek Ganguly emphasized that the sportswear startup raised funds to fuel expansion rather than sustain operations. “There is absolutely no dearth of interest from capital partners,” Agilitas founder and CEO Abhishek Ganguly said. “I am not raising capital to keep the business afloat. I am raising capital for growth.”
Agilitas will deploy the capital across manufacturing expansion, retail rollout, product development, research and development, talent acquisition, and brand-building activities. The company continues to focus on creating a comprehensive sportswear ecosystem that integrates manufacturing, brands, and retail under one platform.
Co-founded by former Puma India MD Ganguly, Agilitas strengthened its manufacturing capabilities through the acquisition of Mochiko Shoes, one of India’s largest sports footwear manufacturers. Following the acquisition, the company significantly expanded production capacity and boosted overall business performance.
“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.
In addition to manufacturing growth, Agilitas has aggressively expanded its brand portfolio. The company launched the Italian sportswear brand Lotto in India last year and plans to open exclusive brand outlets across the country later this year. Furthermore, Agilitas will launch One8, the performance sportswear brand co-founded with Virat Kohli, on June 21. The company also plans to introduce a third brand before the end of the year.
Several high-profile investors have backed Agilitas. Strategic investors include Virat Kohli, who invested Rs 40 crore in the company, along with Anushka Sharma, Yuvraj Singh, Hardy Sandhu, and Abhishek Sharma. Additionally, 58 employees participated in an internal funding round conducted last year, demonstrating strong confidence in the company’s growth strategy.
Meanwhile, Agilitas has entered the sports retail segment through its multi-brand retail format, Sportsyard. The company’s first store in Bengaluru achieved profitability within months of launch, encouraging management to accelerate expansion plans. Agilitas now intends to open 10 additional Sportsyard outlets during the current financial year to reach a broader consumer base.
The sportswear startup reported revenue of nearly Rs 1,400 crore in FY26 and expects to achieve revenue between Rs 1,800 crore and Rs 1,900 crore during the current fiscal year. Looking ahead, Agilitas aims to build a $1 billion sportswear business from India while maintaining sustainable and profitable growth.
The latest investment will help Agilitas scale operations, expand product offerings, improve manufacturing capabilities, and enhance brand visibility in an increasingly competitive sportswear market. Although the company has not disclosed a detailed timeline for its expansion roadmap or a precise allocation of the newly raised funds, the investment signals strong investor confidence in its long-term vision.
The funding also reflects growing investor interest in India’s sportswear and athletic apparel sector, where rising consumer demand for quality sports apparel, performance footwear, and fitness-oriented products continues to create significant growth opportunities. Through continued innovation, strategic brand partnerships, manufacturing expansion, and retail growth, Agilitas is positioning itself to capture a larger share of India’s evolving sportswear market.
