Agilitas Sports Funding Fuels Athleisure Growth

India's dynamic consumer sector saw significant investment activity as Agilitas Sports, a prominent player in the integrated sportswear and athleisure market, successfully closed a substantial funding round. The company secured ₹225 crore, with Nexus Venture Partners injecting ₹200 crore in a follow-on investment and Rainmatter contributing ₹25 crore. This capital infusion is set to accelerate Agilitas Sports' growth trajectory, bolstering its operations across footwear, apparel, and accessories.

Founded in 2023 by former Puma India MD Abhishek Ganguly, Agilitas Sports has rapidly established a strong market presence. The company manages the popular One8 brand, originally associated with Virat Kohli, and holds exclusive distribution rights for the Lotto brand throughout India, Australia, and South Africa. Further expanding its retail footprint, Agilitas is also scaling its multi-brand chain, Sportsyard. This latest funding follows an earlier ₹100 crore investment from Nexus Venture Partners in December 2023, underscoring continued investor confidence in the company's strategic vision.

Beyond Agilitas Sports, the Indian startup ecosystem demonstrated its vibrancy with other notable funding rounds. In the beauty and personal care space, D2C fragrance brand Fraganote garnered $3 million in a Series A round led by V3 Ventures, with participation from existing investor Rukam Capital. Fraganote, established in 2023, has shown impressive growth, projecting revenues of ₹60 crore in FY27 and aiming for ₹100 crore within 18 months. The funds will support brand development, omnichannel expansion, and diversification into body care products.

The health and wellness segment also saw activity, with nutritionist-founded protein snack brand Phab raising $4 million in a pre-Series A round. This investment was spearheaded by OTP Ventures and the Chona Family Office. Phab focuses on creating macro-nutrient-rich, calorie-efficient snacks tailored to Indian dietary habits. The brand has successfully built a significant offline presence in both modern and general trade channels, complemented by a growing quick commerce presence in smaller cities. The capital will fuel brand building, geographic expansion, and team enhancement.

In the proptech sector, homebuyer advisory platform Propsoch secured $2 million in seed funding. The round was led by Athera Venture Partners and included investments from Sparrow Capital and Vakil Group. Propsoch offers data-driven, unbiased property evaluations, assessing over 80 parameters to guide homebuyers. This funding will bolster its research capabilities, expand its team, and support market outreach.

On the corporate front, insurtech unicorn Acko is preparing for its initial public offering by strengthening its leadership team with four new vertical heads, including former executives from Junglee Games, Meta, and Zepto. This strategic move comes as Acko targets a DRHP filing in the second half of 2026 and a potential listing in the first half of 2027, aiming for a valuation between $2 billion and $2.5 billion. Meanwhile, PhonePe-owned Indus Appstore experienced a leadership change with the departure of its co-founder and Chief Product Officer, Akash Dongre, who had been instrumental in building the platform since its inception as Indus OS.