Agilitas Sports bags ₹225 cr from Nexus, Rainmatter to scale Lotto, One8 and Sportsyard chain
The Mochiko-backed sportswear platform is doubling down on multi-brand retail with 10 new Sportsyard stores this fiscal, even as FY25 losses widened to ₹86 cr on ₹1,015 cr revenue. Capital targets manufacturing, Lotto scale-up and the Kohli-led One8 launch in a $58 bn market.
What happened
Agilitas Sports raised ₹225 crore led by Nexus with Rainmatter participation to scale manufacturing, brands (Lotto, upcoming One8) and Sportsyard multi-brand
Key facts
- ₹225 crore raised
- ₹25 crore from Rainmatter
- ₹100 crore prior Nexus round
- ₹400 crore Convergent 2023
- Mochiko revenue ₹1,350 crore FY26 vs ₹642 crore FY23
- FY25 revenue ₹1,015 crore vs ₹728 crore
- FY25 loss ₹86.1 crore
- Sportsyard 40,000 sq ft
- 10 more Sportsyard stores by FY-end
- Kohli ₹40 crore
- $58 billion sports goods market by 2030
Why this matters
Agilitas is consolidating as India's sportswear platform play — Lotto licensing, One8 celebrity IP, and Sportsyard distribution create an acquisition shield while making smaller domestic brands potential roll-up targets.