Agilitas Raises ₹225 Cr from Nexus & Rainmatter for Expansion

Agilitas Raises ₹225 Cr in Fresh Funding Round

Sportswear startup Agilitas has successfully concluded a fresh funding round, securing ₹225 Cr (approximately $23.5 Mn) from existing investor Nexus Venture Partners and new investor Rainmatter. Nexus contributed ₹200 Cr, while Rainmatter infused ₹25 Cr into the Bengaluru-based company.

The capital injection is designated to fuel Agilitas’ long-term strategic initiatives, including expansion across manufacturing capabilities, brand development, retail footprint, and technological advancements. This latest investment underscores investor confidence in the rapidly growing Indian athleisure market.

Strategic Investments and Brand Collaborations

This funding follows actor Anushka Sharma’s recent involvement as a strategic investor and co-creator for “One8 Yoga,” a new activewear line scheduled for launch on June 21. Agilitas, founded in 2023 by former Puma India MD Abhishek Ganguly and ex-Puma executives Atul Bajaj and Amit Prabhu, operates as a vertically integrated sportswear startup.

The company encompasses product design, manufacturing, distribution, and retail. To date, Agilitas has raised over $68 Mn from investors including Nexus and funds advised by Convergent Finance LLP, alongside strategic backing from public figures such as Virat Kohli, Yuvraj Singh, Hardy Sandhu, and Abhishek Sharma.

Last year, Agilitas acquired Virat Kohli’s lifestyle brand One8. As part of this transaction, Kohli invested approximately ₹40 Cr in the startup and entered into an exclusive partnership as both an investor and co-creator. In 2025, 58 employees also participated in an internal investment round, further demonstrating internal confidence.

Expanding Manufacturing and Retail Footprint

Agilitas has demonstrated rapid expansion across its core business segments. In 2023, the startup acquired Mochiko Shoes, significantly scaling its manufacturing operations across multiple units. This acquisition contributed to a projected increase in its manufacturing business revenue from ₹642 Cr in FY23 to an estimated ₹1,350 Cr in FY26.

Further enhancing its brand portfolio, Agilitas launched Lotto in India in July 2025, reporting strong traction across various sales channels. The company holds the long-term license for Lotto across India, South Asia, Australia, and South Africa, positioning it for extensive regional market penetration.

Earlier this year, Agilitas diversified into sports retail with the introduction of Sportsyard, a large-format multi-brand retail concept. Sportsyard features prominent global brands such as Nike, Adidas, New Balance, ASICS, Puma, and Skechers under one roof. The inaugural Bengaluru store achieved profitability within two months of its launch, prompting plans to open 10 additional stores across India in the current financial year.

Outlook on India’s Athleisure Market

The funding arrives amid a significant boom in India’s athleisure market, driven by increasing investor interest and a rising consumer demand for fitness and lifestyle apparel. The market is projected to reach a valuation of $22.4 Bn by 2034, with both startups and investors actively capitalizing on its substantial long-term growth potential.