TechnoSport, based in Bengaluru, has raised $25 million (about Rs 208 crore) from A91 Partners, an investment fund.
The company markets its sportswear apparels under the Technosport brand and produces performance wear aimed at the general public. It’s also the first fundraising round.
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Technosport, which began operations in 2007 with a small office and five staff, has put into service a state-of-the-art facility located in Tamil Nadu’s textile capital, Tiruppur. The company, led by promoter Sunil Jhunjhunwala, introduced the Technosport brand in South Africa and the United Arab Emirates in 2020–21. Advay Capital Advisors advised on the fundraising deal.
Abhay Pandey, VT Bharadwaj, and Gautam Mago, the partners of Peak XV Partners, formerly of Sequoia Capital India, created A91 Partners, which specialises in investing in technology, consumer, and financial services companies.
About Technosport
Founded in 2015 by Sunil Jhunjhunwala, Technosport is a multi-functional activewear brand.
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