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Funding · Commerce & Consumer Brands

Agilitas gets minority stake from Rainmatter

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Date
Company
Agilitas
What it does
Indian sportswear startup
Kind
Funding
Amount
few crores INR
Stage
seed
Founded
2023
Sector
Commerce & Consumer Brands

What they do

Agilitas, a sportswear startup founded by former Puma India executives, received a minority investment from Rainmatter

What happened

The investment is worth a few crores INR, and actress Anushka Sharma also invested days before the deal

Why it matters

The company is vertically integrated, covering manufacturing, brand development, and direct-to-consumer retail

The details

  • Agilitas secured an investment of few crores INR from Rainmatter.
  • Nithin Kamath took a minority stake through his vehicle Rainmatter.
  • Anushka Sharma joined as an investor days before the Rainmatter deal.
  • The startup was founded in 2023 by three former Puma India executives.
  • Other celebrity investors include Virat Kohli, Abhishek Sharma, Yuvraj Singh, and Hardy Sandhu.
  • Agilitas operates as a vertically integrated brand covering manufacturing and direct-to-consumer retail.
  • The business focuses on strengthening its One8 super brand and yoga product line.

The bigger picture

  • Rainmatter is Nithin Kamath's investment vehicle.
  • Anushka Sharma's investment adds a celebrity angle to the sportswear startup.
  • The founders bring experience from Puma India.

About the business

  • Agilitas manufactures its own sports footwear and apparel products.
  • The company follows a vertically integrated model for full control over production.
  • It sells products directly to consumers through its DTC retail channels.
  • The brand strategy centers on building the One8 super brand identity.
  • A key product focus includes specialized yoga wear and apparel lines.

The deal

Type
funding

Investors

Founders

  • Abhishek Ganguly, co-founder
  • Atul Bajaj, co-founder
  • Amit Prabhu, co-founder

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