Key Takeaways
- Agilitas raises Rs 225 crore from Nexus Venture Partners and Rainmatter to bolster its sportswear platform.
- The company is focusing on expanding its manufacturing, brand building, retail, and technology capabilities.
- Agilitas aims to control the entire value chain, from design to retail.
- Revenue from Mochiko Shoes has doubled since acquisition, reaching Rs 1,350 crore in FY26.
- The Indian government supports the textile sector with new policies and initiatives.
Agilitas Secures Rs 225 Crore Funding to Expand Sportswear Operations in 2026
In a significant development for the Indian sportswear market, Agilitas, a Bengaluru-based sportswear platform, has successfully raised Rs 225 crore from Nexus Venture Partners and Rainmatter, the startup funding arm of Zerodha. This funding round includes a substantial Rs 200 crore follow-on investment from Nexus, known for backing digital-native businesses in India and the US, and a Rs 25 crore contribution from Rainmatter.
A Strategic Move to Control the Value Chain
Founded by Abhishek Ganguly, Atul Bajaj, and Amit Prabhu, Agilitas is on a mission to strengthen its capabilities across various domains, including manufacturing, brand building, retail, and technology. The company’s business model is designed to be vertically integrated, allowing it to manage the entire value chain from product design to retail distribution.
Since acquiring Mochiko Shoes in 2023, Agilitas has experienced remarkable growth, with revenues from this acquisition soaring to Rs 1,350 crore in FY26 from Rs 642 crore in FY23. This growth underscores the company’s strategic focus on expanding its manufacturing footprint and enhancing its brand portfolio.
Expanding Retail Footprint and Brand Portfolio
Agilitas has also ventured into retail with its innovative Sportsyard, a large-format multi-brand concept that features renowned names such as Nike, Adidas, New Balance, ASICS, Puma, and Skechers. The success of its first Bangalore store, which turned profitable within two months, has prompted plans to open 10 more stores this financial year.
The company is also preparing to launch One8, a high-performance sportswear line co-founded with cricket icon Virat Kohli, on June 21. This line focuses on innovation and performance-led design, further diversifying Agilitas’ brand offerings.
Government Support Fuels Textile and Apparel Growth
The funding comes at a time when India’s textile and apparel ecosystem is receiving robust policy support. The government has finalized seven PM MITRA textile parks with a budget of Rs 4,445 crore and approved 52 new applications under the Production Linked Incentive (PLI) scheme, which aims to boost the production of man-made fiber apparel, fabrics, and technical textiles. Additionally, the temporary suspension of the 11% customs duty on cotton imports for five months is expected to alleviate input cost pressures for exporters.
What This Means for Businesses
The infusion of Rs 225 crore into Agilitas signifies a growing confidence in the Indian sportswear market. As more Indian consumers embrace active lifestyles, businesses in the sports and fitness sectors stand to benefit from increased demand. The comprehensive approach of Agilitas, managing both manufacturing and retail, sets a precedent for other companies aiming to capture a share of this expanding market.
Furthermore, the government’s supportive measures in the textile industry create a conducive environment for growth and innovation. Businesses that align with these initiatives can anticipate enhanced competitiveness and opportunities for expansion.
How WebSenor Can Help
For companies looking to leverage technology to enhance their retail and manufacturing operations, WebSenor offers a range of services to support digital transformation. From developing e-commerce platforms to implementing advanced supply chain solutions, WebSenor can help businesses streamline operations and improve customer engagement.
Conclusion
Agilitas’ recent funding round is a testament to the potential of the Indian sportswear market. By expanding its capabilities across the value chain, the company is well-positioned to capitalize on emerging trends in the industry. As businesses navigate this dynamic landscape, leveraging technology and aligning with supportive government policies will be key to sustaining growth.
For businesses ready to take the next step in their digital journey, WebSenor is here to provide expert guidance and solutions tailored to your needs. Contact us today to learn how we can help you achieve your business goals.
This article was inspired by content from YourStory. Rewritten and enhanced with AI for educational purposes.