Nexus Venture Partners and Rainmatter back the growth plans of Bengaluru-based sportswear startup.
A new wave of investor confidence has been noticed in India’s sportswear industry, and Agilitas has emerged as one of the latest beneficiaries. The company, headquartered in Bengaluru, has raised a massive ₹225 crore in a fresh funding round led by Nexus Venture Partners, with participation from Rainmatter, the investment arm which is backed by entrepreneur Nithin Kamath.
Agilitas is on its way to building a broad sports ecosystem.
Founded by former Puma India executives, including Abhishek Ganguly, in 2023, Agilitas was created with a vision that goes beyond selling sportswear. Instead, the company has been building a vertically integrated ecosystem that spans manufacturing, product development, brand creation, retail, and distribution. Agilitas has pursued growth across multiple parts of the value chain. This strategy has allowed the company to establish capabilities ranging from footwear production to retail expansion in a relatively short period.
According to reports, the newly raised capital will be directed towards strengthening manufacturing operations, expanding retail presence, enhancing technology capabilities, and supporting brand-building initiatives. The company is also looking to scale its long-term growth strategy as India’s sports and athleisure market continues to evolve. The latest funding follows earlier investments from funds advised by Convergent Finance LLP and previous backing from Nexus Venture Partners, reflecting continued investor confidence in Agilitas’ business model and growth trajectory.
Riding the wave of India’s active lifestyle boom.
The investment highlights a broader trend shaping the Indian consumer market. Sportswear is no longer limited to gyms and playing fields. Consumers increasingly wear athletic-inspired apparel in workplaces, educational institutions, airports, and everyday social settings. This shift has created significant opportunities for companies operating in the performance and lifestyle sportswear segment. Agilitas has already strengthened its footprint through acquisitions and brand partnerships, including the acquisition of footwear manufacturer Mochiko and long-term licensing agreements that expand its presence in the sportswear category. These moves have helped the company establish a stronger manufacturing and distribution network while positioning itself for future growth.
The fresh capital infusion into Agilitas Sports highlights growing investor optimism surrounding India’s sports and athleisure ecosystem. As health awareness, fitness participation, and demand for performance-focused products continue to increase, companies capable of controlling manufacturing, branding, and retail operations are attracting significant attention from investors.
For Agilitas, the funding marks another milestone in its journey from a startup founded by industry veterans to a rapidly expanding player in India’s increasingly competitive sportswear landscape.