Agilitas Nets ₹225 Cr From Nexus, Rainmatter To Scale Manufacturing, Retail Presence

Sportswear startup Agilitas has raised ₹225 Cr (about $23.5 Mn) in a fresh funding round from Rainmatter and existing investor Nexus Venture Partners. While Nexus invested ₹200 Cr, Rainmatter infused ₹25 Cr.

The fresh capital will be utilised to fuel Agilitas’ long-term growth across manufacturing, brand building, retail expansion, and technology, the startup said in a statement.

This comes days after actor Anushka Sharma joined the startup as a strategic investor and co-creator for “One8 Yoga”, a new yoga-focused activewear line under the One8 brand, which is slated for launch on June 21.

Founded in 2023 by former Puma India MD Abhishek Ganguly and ex-Puma executives Atul Bajaj and Amit Prabhu, Agilitas is a vertically integrated sportswear startup covering product design, manufacturing, distribution, and retail.

The Bengaluru-based startup has raised over $68 Mn to date from investors like Nexus and funds advised by Convergent Finance LLP, along with strategic backing from Virat Kohli, Yuvraj Singh, Hardy Sandhu, and Abhishek Sharma.

Agilitas acquired Kohli’s lifestyle brand One8 last year. As part of the deal, the cricketer invested around ₹40 Cr in the startup and entered into an exclusive partnership with Agilitas as both investor and co-creator.

In 2025, 58 employees also took part in an internal investment round, the startup said.

Agilitas has rapidly expanded across manufacturing, brands, and retail. In 2023, it acquired Mochiko Shoes and scaled operations across multiple manufacturing units. Since then, the startup claimed its manufacturing business revenue has grown from ₹642 Cr in FY23 to ₹1,350 Cr in FY26.

In July 2025, Agilitas launched Lotto in India, which the startup said has gained strong traction across channels. It also holds the long-term licence for Lotto across India, South Asia, Australia, and South Africa.

Earlier this year, the sportswear startup also forayed into sports retail with Sportsyard — a large-format multi-brand retail concept featuring global brands such as Nike, Adidas, New Balance, ASICS, Puma, and Skechers under one roof.

The startup said its first Bengaluru store turned profitable within two months of launch and it now plans to open 10 additional stores across India in the ongoing financial year.

The funding comes at a time when India’s athleisure market is expanding rapidly on the back of rising investor interest and growing demand for fitness and lifestyle apparel. The market is expected to reach a size of $22.4 Bn by 2034, with startups and investors increasingly betting on its long-term growth potential.

The post Agilitas Nets ₹225 Cr From Nexus, Rainmatter To Scale Manufacturing, Retail Presence appeared first on Inc42 Media.