TLDR:
- Spring Capital invested in Agilitas Sports, led by Abhishek Ganguly.
- Agilitas secured the license for Lotto earlier this year and received funding from Nexus Venture Partners and Convergent Finance LLP.
Spring Capital has backed Agilitas Sports, a sportswear and athleisure venture led by Abhishek Ganguly, former Managing Director of Puma India and Southeast Asia. The investment amount is undisclosed, but sources confirm the partnership. Spring Capital will work closely with Agilitas to shape brand and launch strategies, leveraging a strong understanding of consumer behavior and culture. Earlier this year, Agilitas secured the 40-year India license for Lotto in collaboration with parent company WHP Global. In December 2023, Agilitas received funding from Nexus Venture Partners and Convergent Finance LLP. Spring Capital has a diverse portfolio with investments in brands like Giva, Purplle, and Juicy Chemistry. This partnership is expected to drive growth and expansion for Agilitas Sports in the sportswear market.
