Agilitas Sports Secures Strategic Investment from Spring Marketing Capital
In a significant move to solidify its position in the growing sportswear industry, Agilitas Sports, a leading sportswear and athleisure solutions platform, has secured a strategic investment from Spring Marketing Capital.
While the exact amount of the investment has not been disclosed, this partnership is expected to propel Agilitas Sports towards becoming a major player in the sportswear industry, according to a statement from the company. The investment will reportedly enhance the company’s capabilities to expand its brand portfolio and further accelerate its growth plans.
Founded by Abhishek Ganguly, former Managing Director of Puma India, along with his colleagues Atul Bajaj and Amit Prabhu, Agilitas Sports has already secured over $60 million in funding across two rounds from a fund managed by Convergent Finance LLP and Nexus Venture Partners.
The company has made significant strides in recent times, with notable investments in manufacturing, research and development, marketing, and distribution. Its strategic moves include the acquisition of the brand license for Italian sports brand Lotto from owner WHP Global in April and the takeover of Mochiko, a manufacturer of sports footwear for brands such as Adidas, New Balance, and Reebok.
With this latest investment, Agilitas Sports aims to revolutionize the sportswear market in India and beyond, leveraging its expertise and resources to create innovative and high-quality products that cater to the evolving needs of athletes and fitness enthusiasts.
The partnership with Spring Marketing Capital is expected to be a significant boost for Agilitas Sports, providing the company with the necessary resources and expertise to drive its growth plans and establish itself as a key player in the sportswear industry. As the demand for high-quality sportswear and athleisure products continues to grow, Agilitas Sports is well-positioned to capitalize on this trend and make a significant impact in the market.
