Agilitas Sports: Game-Changer in Indian Sports and Athleisure Wear Attracts Investment
17 May 2023, Mumbai
Agilitas Sports, a sportswear and athleisure solutions platform, has been launched by top executives of Puma India, led by Abhishek Ganguly, the outgoing managing director.
The platform aims to revolutionize the sportswear industry in India by integrating innovation and technology throughout the product value chain.
Agilitas Sports secured a total investment of ₹400 crore, with Convergent Finance LLP providing advisory services and funds, while individual investors contributed ₹30 crore. The founding team of Agilitas Sports consists of Abhishek Ganguly, Atul Bajaj, and Amit Prabhu, who will be departing from their positions at Puma India.
The partnership with Convergent Finance LLP will support Agilitas Sports in operations, capital allocation, and long-term business strategy.
The global sportswear and athleisure market is projected to reach USD 358.08 billion by 2023, with a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030. While in India, the sportswear and athleisure market is expected to reach $40.64 billion by 2027, growing at a CAGR of 7.82% from 2022 to 2027.
