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- Agilitas
Agilitas Valuation, Funding & Investors
Agilitas is valued at $400M as of June 2026.
Last Agilitas valuation
$400M
Undisclosed stage · Jun 2026
Last Agilitas funding round
$24M
Undisclosed stage · Jun 2026
Cumulative funding Agilitas raised
$110M
across 5 funding rounds
Key investors in Agilitas
Nexus Venture Partners
Rainmatter Capital
Convergent Finance
Anushka Sharma
About Agilitas
Agilitas is a Bangalore-based sportswear and athleisure brand manufacturing performance apparel for running, yoga, and fitness activities. The company operates production facilities in India equipped with automated knitting and dyeing technologies alongside design labs in Bengaluru. It supplies products through online platforms and retail partners across India, emphasizing moisture-wicking fabrics and ergonomic fits developed via dedicated R&D centers. Agilitas distributes to domestic markets and exports to Southeast Asia.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Product sales
Valuation
$400M (Jun 2026)
Agilitas Valuation
Agilitas is currently valued at $400M, based on its undisclosed-stage round in June 2026.
The $24M round was led by Nexus Venture Partners, with participation from Rainmatter Capital.
Agilitas' valuation has moved from $400M at its Series A in December 2023 to $400M in June 2026, across 2 priced rounds.
Agilitas valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Undisclosed stage | $400M |
| Dec 2023 | Series A | $400M |
Agilitas Funding History
Agilitas has raised a total of $110M across 5 funding rounds.
Agilitas' first fundraising round was a $52M Series A in May 2023. The most recent completed round was a $24M undisclosed-stage round in June 2026.
Agilitas funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | Nexus Venture Partners (lead); Rainmatter Capital | $24M | $400M | Agilitas raised INR 225 crore in fresh funding from Nexus Venture Partners and Rainmatter, with Nexus contributing INR 200 crore and Rainmatter INR 25 crore. The round is described as a follow-on investment from existing backers and is being used to expand manufacturing, brand building, retail expansion, technology, and product development. Earlier reporting also said Agilitas was in advanced stages of a larger Nexus-led fundraise of about INR 450 crore, with the company valued at around USD 400 million in that transaction, implying that the June 2026 financing is part of a broader capital support cycle around the business. Strategically, the capital is intended to help Agilitas build an integrated sportswear ecosystem spanning manufacturing, brands, and retail. The company had previously raised INR 100 crore from Nexus and an INR 400 crore round advised by Convergent Finance in 2023, and the new money extends that relationship with an existing investor. One report said the broader Nexus commitment would be wired in two tranches of USD 25 million each, and that the company had also raised INR 40 crore from Virat Kohli as part of a prior larger round. Agilitas is a Bengaluru-based sporting goods and sportswear company founded by Abhishek Ganguly, operating across manufacturing, brand development, retail, and technology. Reported scale indicators include its expansion plans across manufacturing and retail, but no revenue or EBITDA figures were disclosed. |
| May 2026 | Undisclosed stage | Anushka Sharma (lead) | - | - | - |
| Apr 2026 | Undisclosed stage | Nexus Venture Partners (lead) | $22M | - | - |
| Dec 2023 | Series A | Nexus Venture Partners (lead) | $12M | $400M | Agilitas Sports, a Bengaluru-based sporting goods manufacturing company founded by Abhishek Ganguly (ex-MD Puma India), Atul Bajaj, and Amit Prabhu, focuses on sports footwear and apparel, including brands like Lotto. The company secured Rs 450 crore (~$50 million) from Nexus Venture Partners in a round valuing it at $400 million (Rs 3,500 crore), with funds to be disbursed in two $25 million tranches for new product launches, research, and offline expansion. This investment builds on prior funding, including Rs 100 crore from Nexus earlier in December 2023, Rs 40 crore from Virat Kohli six months prior, and over Rs 650 crore ($75 million) total excluding the current round from investors like Convergent Finance and Spring Marketing Capital. Agilitas recently acquired B2B footwear manufacturer Mochiko Shoes to bolster its end-to-end capabilities from research and manufacturing to retail. Nexus Venture Partners, which participated in Agilitas' seed round, aims to accelerate the company's scale-up in India's growing sports market, leveraging the founders' Puma experience to develop consumer brands with global potential. |
| May 2023 | Series A | Convergent Finance (lead) | $52M | - | Agilitas Sports is an innovation-led sportswear and athleisure solutions platform founded by Abhishek Ganguly (former Managing Director of PUMA India and Southeast Asia), Atul Bajaj (former Executive Director of Sales and Operations at PUMA India), and Amit Prabhu (former Chief Financial Officer of PUMA India). The company focuses on integrating innovation and technology across the product value chain, from manufacturing to retail, with a customer-centric approach to build communities in India's sports and sportswear space. In May 2023, funds advised by Convergent Finance LLP invested Rs 400 crore in Agilitas Sports, with an additional Rs 30 crore from individual investors, for a total round size of Rs 430 crore (approximately $52-53 million). Convergent Finance, led by Harsha Raghavan, will collaborate on operations, capital allocation, and long-term strategy. The capital is intended for a capital-intensive business model involving manufacturing facilities, offline stores, technology investments, and scaling through acquisitions of brands. Agilitas operates across manufacturing, product development, distribution, and retail. It acquired Mochiko Shoes Pvt. Ltd., a manufacturer for brands like Adidas, New Balance, Reebok, Puma, and Skechers, and holds licensing rights for Lotto. The company clocked Rs 800 crore in revenue in the 2022-23 financial year, with estimates of 30% growth that year, amid a sports footwear market (16% of Rs 11,000 crore total footwear market) projected to grow at 13% CAGR to 2030. Post this round, Agilitas raised Rs 100 crore from Nexus Venture Partners to boost manufacturing and launch new sportswear brands via acquisitions or partnerships. It later acquired One8 from Virat Kohli, who invested Rs 40 crore for a 1.94% stake. The company is in talks for further funding from existing investors like Nexus. |
Who has invested in Agilitas?
4 investors have backed Agilitas across its funding rounds, including Nexus Venture Partners, Rainmatter Capital, Convergent Finance and Anushka Sharma.
Lead investors include Nexus Venture Partners, Anushka Sharma and Convergent Finance.
Agilitas Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2023 | ||
| 1 | Lead | May 2023 | ||
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Start Free TrialAcquisitions by Agilitas
Agilitas has acquired 2 companies to date.
Last acquisition by Agilitas was on December 8th 2025. Agilitas acquired One8 Commune for undisclosed valuation.
Latest Acquisitions by Agilitas
| Description | One8 Commune is a Mumbai-based restaurant and bar chain that delivers diverse cuisines alongside beverages in environments designed for social gatherings and dining. | Mochiko Shoes is a footwear manufacturer producing shoes, components, and accessories from its facilities in India. The company supplies retailers with casual, athletic, and formal styles using leather and synthetic materials. |
| HQ Country | ||
| HQ City | - | Dehradun |
| Deal Date | 8 Dec 2025 | 14 Sep 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Agilitas acquisitions and their M&A valuation multiples. Start Free Trial | ||
Agilitas Competitors
Agilitas competitors include listed companies like Eagle Nice and Studds Accessories, and private ones like 100 Thieves, Wildcraft India, Gymshark and YOGASMOGA.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $460M | - | ||
| Publicly listed | $639M | $61M | $211M | - | ||
| Publicly listed | $66M | $13M | $166M | 2.2x | ||
| Private | - | - | $155M | - | ||
| Private | $343M | - | $1.3B | 3.9x | ||
| Private | - | - | $74M | - |
Agilitas Public Comps
Agilitas is still privately-owned, but its public comps include Bijou Brigitte, Track & Field Co, Sportsoul, Kits Eyecare, Castro Model, Weyco Group, Urbanica Israel, Van de Velde, Hallenstein Glassons and Universal Entertainment.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $389M | $57M | 1.1x | - | 7.3x | - | |||
| $203M | $46M | 2.0x | 1.8x | 9.0x | 7.5x | |||
| $68M | ($4M) | 4.8x | 4.5x | (88.7x) | - | |||
| $145M | $6M | 2.5x | 2.2x | 64.2x | 36.7x | |||
| $700M | $130M | 1.2x | - | 6.6x | - | |||
| $276M | $32M | 1.2x | - | 10.6x | - | |||
| $324M | $66M | 1.4x | - | 7.0x | - | |||
| $233M | $41M | 1.7x | 1.7x | 9.9x | 7.6x | |||
This data is available for Pro users. Sign up to see all Agilitas competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Agilitas
| When was Agilitas founded? | Agilitas was founded in 2023. |
| Where is Agilitas headquartered? | Agilitas is headquartered in Bangalore, India. |
| Is Agilitas publicly listed? | No, Agilitas is a private, VC-backed company. |
| What is Agilitas' valuation? | Agilitas was last valued at $400M in its undisclosed-stage round in June 2026. |
| How much funding has Agilitas raised? | Agilitas has raised $110M across 5 funding rounds. |
| What was Agilitas' last funding round? | Agilitas' last funding round was a $24M undisclosed-stage round in June 2026, led by Nexus Venture Partners. |
| Who are Agilitas' investors? | Agilitas' investors include Nexus Venture Partners, Convergent Finance, Rainmatter Capital and Anushka Sharma. |
| Which companies are comparable to Agilitas? | Companies comparable to Agilitas include 100 Thieves, Eagle Nice, Studds Accessories, Wildcraft India, Gymshark and YOGASMOGA. |
| How many companies has Agilitas acquired? | Agilitas has acquired 2 companies, including One8 Commune and Mochiko Shoes. |
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