Agilitas Sports, a leading sportswear and athleisure solutions platform, has received strategic investment from Spring Marketing Capital, although the financial terms of the deal remain undisclosed. This partnership is poised to reinforce Agilitas Sports’ standing in the competitive sportswear industry.
In a statement from the company, Agilitas Sports highlighted that the investment will fuel the expansion and development of its brand portfolio, helping the company grow more efficiently. Abhishek Ganguly, CEO and Co-founder of Agilitas Sports, expressed optimism about the partnership’s potential to enhance the company’s market penetration and accelerate growth.
Agilitas Sports was founded by Abhishek Ganguly, former Managing Director of Puma India, alongside Atul Bajaj and Amit Prabhu. Since its inception, the company has raised over $60 million from Convergent Finance LLP and Nexus Venture Partners. In a strategic move, the company acquired the brand license for Italian sports brand Lotto earlier this year and took over Mochiko, a sports footwear manufacturer that supplies to brands like Adidas, New Balance, and Reebok.
Agilitas Sports has consistently invested in manufacturing, research and development, marketing, and distribution to strengthen its foothold in the sportswear sector. These initiatives are part of its broader plan to revolutionize the Indian sportswear market and expand internationally.
Summary:
- Agilitas Sports secured strategic investment from Spring Marketing Capital, further strengthening its position in the sportswear market.
- The funds will support the expansion and development of Agilitas Sports’ brand portfolio, enhancing its market growth and operational efficiency.
- Agilitas has raised over $60 million, acquired brand licenses for Lotto, and taken over Mochiko as part of its strategic moves to dominate the sportswear industry in India and beyond.