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India’s sportswear industry has witnessed another significant vote of confidence as Agilitas Sports announced the successful closure of a Rs 225 Crore funding round, backed by Nexus Venture Partners and Rainmatter, the long term startup investment arm of Zerodha. The round comprises a Rs 200 Crore follow-on commitment from Nexus Venture Partners and a fresh Rs 25 Crore infusion from Rainmatter, underscoring sustained institutional belief in the company’s vertically integrated business model.
A Platform Built for Scale
Founded in 2023 by Abhishek Ganguly, former Managing Director of Puma India and Southeast Asia, alongside co-founders Atul Bajaj and Amit Prabhu, Agilitas was conceived as more than a conventional sportswear label. The company operates across footwear, apparel, and accessories, while simultaneously managing research and development, design, manufacturing, and retail under one integrated ecosystem. This full-stack approach positions Agilitas to respond swiftly to evolving consumer preferences — a critical advantage in the fast moving athleisure segment.
A Portfolio Anchored by Strong Brands
The company’s brand portfolio reflects deliberate and strategic curation. In 2023, Agilitas acquired Mochiko Shoes, a sports footwear manufacturer with established production relationships with global giants Adidas and Puma. Since the acquisition, manufacturing revenues have grown from Rs 642 Crore in FY23 to Rs 1,350 Crore in FY26, reflecting the scale of operational expansion. Indian cricket star Virat Kohli is a strategic investor, having committed Rs 40 Crore to the platform, with the high performance sportswear brand One8, co-founded with Kohli, set to be officially unveiled on June 21, 2026. Additionally, Agilitas holds exclusive long-term licensing rights for the Italian sportswear label Lotto across India, South Asia, Australia, and South Africa — a move that considerably broadens its international footprint.
Retail Ambitions and Digital Growth
On the retail front, Agilitas is rapidly expanding Sportsyard, its large format multi brand retail concept housing globally recognised names including Nike, Adidas, New Balance, Asics, Puma, and Skechers. The inaugural Bengaluru outlet achieved profitability within two months of launch — a strong indicator of consumer demand. The company has committed to opening 10 additional Sportsyard locations during the current financial year. Complementing this physical expansion, Agilitas targets ecommerce to account for 25–30% of total revenue across marketplaces and its own digital channels.
Outlook
With manufacturing revenues scaling significantly and a diversified brand portfolio taking shape, Agilitas is demonstrating genuine operational momentum. The fresh capital will further accelerate investments across manufacturing, technology, talent, and brand building. As India’s appetite for premium sportswear and athleisure continues to grow, Agilitas appears well positioned to emerge as a defining homegrown platform — built in India, with ambitions firmly set on the global stage.
