Agilitas Sports bags ₹225 cr from Nexus, Rainmatter to scale Lotto, One8 and Sportsyard retail
Bengaluru-based Agilitas Sports raised ₹225 crore led by Nexus Venture Partners with Rainmatter chipping in ₹25 crore. Capital will fund manufacturing expansion and 10 new Sportsyard multi-brand stores this fiscal. FY25 revenue rose to ₹1,015 cr from ₹728 cr, but the company swung to an ₹86.1 cr loss.
What happened
Agilitas Sports raised ₹225 crore led by Nexus Venture Partners with Rainmatter participating, to scale manufacturing, brands (Lotto, One8) and Sportsyard
Key facts
- ₹225 crore raised
- ₹25 crore from Rainmatter
- ₹100 crore prior Nexus investment
- ₹400 crore from Convergent Finance in 2023
- Mochiko revenue ₹1,350 crore in FY26 vs ₹642 crore FY23
- Sportsyard 40,000 sq ft
- 10 more Sportsyard stores planned by FY-end
- FY25 revenue ₹1,015 crore vs ₹728 crore
- FY25 loss ₹86.1 crore vs ₹76 lakh profit FY24
- Virat Kohli invested ₹40 crore
- India sports market $130 billion by 2030
- sports goods/apparel $58 billion by 2030
- 14% CAGR
Why this matters
With Lotto, One8, and Sportsyard under one roof and fresh capital for manufacturing, Agilitas is positioning as a consolidation platform—watch for tuck-in acquisitions of regional sportswear brands or D2C athleisure labels.