Deals · Updated 12 Oct, 07:19 pm IST
The Wealth Company AIF invests Rs 400 crore in Boldfit
Why it matters for readers: It explains where Boldfit plans to spend the money: stores, product work, factories and acquisitions.
- The Wealth Company Alternates (The Wealth Company AIF) invested around Rs 400 crore in Boldfit as part of its Series B funding.1
- Boldfit plans to use the funds for physical retail expansion, product innovation, increased manufacturing and inorganic opportunities such as acquisitions.12
- Founded in 2018 by Pallav Bihani, Boldfit sells sportswear, athletic footwear, equipment and fitness essentials and serves over 2 crore customers annually, according to the company.1
- Boldfit reported a CAGR of more than 80% over the past three years and had previously raised Rs 110 crore from Bessemer Venture Partners in a 2024 Series A round.1
- Sportspersons KL Rahul and Sania Mirza are among Boldfit’s investors.1
Get a brief like this every morning
Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.
Get startedHow this story developed
12 Oct, 07:00 pm · ET Tech
The Wealth Company AIF invests Rs 400 crore in Boldfit
12 Oct, 07:19 pm · YourStory
The Wealth Company AIF invests Rs 400 Cr in Boldfit