Spring Capital Backs Agilitas Sports In Growth Push

Spring Capital invested in Agilitas Sports, a sportswear and athleisure venture led by former Puma India and Southeast Asia Managing Director, Abhishek Ganguly. While the investment amount remains undisclosed, sources confirmed the partnership. Spring Capital will work closely with Agilitas to shape brand and launch strategies, leveraging a strong understanding of consumer behaviour and culture.

Earlier this year, in April, Agilitas Sports secured the 40-year India license for Lotto for an undisclosed amount. In collaboration with Lotto's parent company, WHP Global, Agilitas, headquartered in Bengaluru will handle the manufacturing, design and distribution of Lotto products across India, South Asia and Australia.

"Spring Capital made the investment last week" as per sources familiar with the matter. The firm has a diverse portfolio with investments in brands like Giva (jewellery), Purplle (online beauty and grooming) and Juicy Chemistry (organic personal care).

In December 2023, Agilitas Sports secured Rs 100 crore in funding from Nexus Venture Partners, a venture capital firm supporting product-focused companies in India and the US. Additionally, Convergent Finance LLP, an investment management firm led by Harsha Raghavan invested over Rs 400 crore in the startup.