Agilitas Sports has raised Rs 225 crore in fresh funding from Nexus Venture Partners and Rainmatter, giving the Bengaluru-based sportswear company more room to build what it has been quietly assembling over the past year: a sportswear ecosystem that does not stop at one brand or one retail format.
The fresh capital will be used across manufacturing expansion, retail rollout, product development, research and development, talent hiring, and brand-building. For Agilitas, the fundraise comes at a time when the company is trying to connect three key parts of the sportswear business under one roof: manufacturing, consumer brands, and retail.
Co-founder and CEO Abhishek Ganguly has positioned the round as growth capital, not survival capital.
“There is absolutely no dearth of interest from capital partners,” Ganguly said. “I am not raising capital to keep the business afloat. I am raising capital for growth.”
Agilitas Sports: From manufacturing strength to brand ambition
Agilitas’ biggest strategic move so far has been its acquisition of Mochiko Shoes, a major sports footwear manufacturer in India. The acquisition gave the company manufacturing depth at a time when many consumer brands still depend heavily on external production partners.
Ganguly said Mochiko was doing about Rs 640 crore in revenue when Agilitas acquired it. The business later closed at around Rs 1,350 crore, helped by expanded capacity and stronger operating 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.
That manufacturing base is central to Agilitas’ broader play. Instead of building only a front-end sportswear label, the company is trying to control more of the value chain, from product development and manufacturing to brand distribution and physical retail.
Lotto, One8 and a third brand in the pipeline
Agilitas has also been moving quickly on the brand side.
The company launched the Italian sportswear brand Lotto in India last year and plans to open exclusive brand outlets for it across the country later this year. It is also preparing to launch One8, the performance sportswear brand co-founded with Virat Kohli, on June 21.
A third brand is also expected before the end of the year, although details have not yet been disclosed.
The Virat Kohli association gives Agilitas a strong consumer-facing edge. Kohli has also invested Rs 40 crore in the company. Other strategic investors include Anushka Sharma, Yuvraj Singh, Hardy Sandhu, and Abhishek Sharma.
The company has also seen internal participation from its own team, with 58 employees taking part in an internal funding round conducted last year.
Sportsyard gives Agilitas a retail window
Beyond manufacturing and brand licensing, Agilitas has entered sports retail through Sportsyard, its multi-brand retail format.
The first Sportsyard store in Bengaluru became profitable within months of launch, giving the company confidence to expand the format further. Agilitas now plans to open 10 more Sportsyard outlets during the current financial year.
This retail layer is important because it gives Agilitas direct access to consumers, not just through online channels or partner stores, but through its own controlled offline format. For a sportswear business, that can matter. Footwear and performance apparel often depend on fit, feel, and in-store discovery, especially when a brand is still building consumer trust.
Revenue target points to aggressive growth
Agilitas reported revenue of nearly Rs 1,400 crore in FY26. For the current financial year, the company expects revenue between Rs 1,800 crore and Rs 1,900 crore.
The long-term ambition is even larger. Agilitas is aiming to build a $1 billion sportswear business from India while maintaining sustainable and profitable growth.
The company has not disclosed a precise allocation plan for the newly raised Rs 225 crore or a detailed timeline for each part of its expansion roadmap. What is clear, however, is that the funding will support multiple fronts at once: more manufacturing capability, more products, more retail presence, stronger brand visibility, and a deeper talent bench.
Agilitas is not taking the usual narrow route of launching one sportswear label and spending heavily only on marketing. Its model is more layered. It wants to own production strength, bring in consumer brands, build retail touchpoints, and use that combined structure to compete in India’s sportswear and athletic footwear market.
That approach gives the company more control, but also makes execution more demanding. Manufacturing, brand-building, retail expansion, and consumer marketing each require different capabilities. The Rs 225 crore round gives Agilitas more capital to pursue that integrated strategy, but the next test will be how efficiently it can convert expansion into consumer loyalty and profitable scale.
For now, the company’s direction is clear. Agilitas wants to be more than a sportswear startup. It is trying to become an Indian sportswear platform with factories, brands, stores, athletes, and investors all moving in the same direction.
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