Agilitas Sports, the Bengaluru-based vertically integrated sportswear and athleisure platform, has raised Rs 225 Cr (approximately $23.5M) in a growth funding round, as publicly reported. The round is led by Nexus Venture Partners, which contributed Rs 200 Cr as a follow-on to its earlier investment, with Rainmatter — Zerodha’s fund — adding Rs 25 Cr.
Quick Highlights
- Founders: Abhishek Ganguly (Co-founder & CEO), Atul Bajaj (Co-founder), Amit Prabhu (Co-founder)
- Lead Investor: Nexus Venture Partners (Rs 200 Cr follow-on)
- Participating Investor: Rainmatter, Zerodha’s venture fund (Rs 25 Cr)
- Investor Background: Nexus Venture Partners is a prominent India-focused early-to-growth stage venture firm; Rainmatter backs fintech and consumer startups aligned with Zerodha’s ecosystem
- Headquarters: Bengaluru, Karnataka, India
- Announcement Date: June 3, 2026
Funding Breakdown
Use of Funds
The fresh capital will be deployed across product research and design, manufacturing infrastructure, retail expansion, technology upgrades, talent acquisition, and brand building. A key near-term priority is opening ten additional Sportsyard large-format multi-brand stores in FY27, continuing to scale the company’s owned retail network.
Funding Timeline
Nexus Venture Partners had previously invested Rs 100 Cr in Agilitas Sports. The latest Rs 200 Cr follow-on from the same firm, combined with Rainmatter’s Rs 25 Cr, brings the total disclosed investment from these two investors to Rs 325 Cr across both tranches. The current round has not been formally labelled by its type in public announcements.
Expansion Plans
Beyond opening ten new Sportsyard stores this financial year, Agilitas plans to launch the One8 brand — associated with Virat Kohli — on June 21, 2026. The company is also targeting e-commerce to reach 25–30% of total revenue, up from its current contribution. On the global front, Agilitas intends to leverage its Lotto licensing rights across India, Australia, and South Africa to drive international growth. Talent acquisition has been identified as a parallel priority alongside these operational expansions.
Significance
Nexus Venture Partners’ decision to more than double its existing commitment — from Rs 100 Cr to Rs 300 Cr in total — signals strong institutional conviction in Agilitas Sports’ model as India’s first vertically integrated sportswear platform. The company’s revenue trajectory reinforces that confidence: Agilitas grew from Rs 642 Cr in FY23 to Rs 1,350 Cr in FY26 following its Mochiko acquisition, and its first Sportsyard store turned profitable within two months of opening. With strategic celebrity investors including Virat Kohli, Anushka Sharma, and Yuvraj Singh already on its cap table, the brand carries both financial backing and significant cultural reach — positioning it to compete meaningfully in a sportswear market increasingly pressured by global incumbents.
These details have been verified against multiple publicly available reports as of June 3, 2026.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
