Techno Sportswear, a Bengaluru-based company, has raised $25 million (around INR 208 crore) from the investment fund A91 Partners.
The company manufactures performance wear aimed at the general public and markets its sportswear apparel under the brand name Technosport. This marks its first fundraising effort.
The company, which began operations in 2007 with a small office and five employees, commissioned a modern factory five years ago in the textile hub of Tiruppur, Tamil Nadu. Led by promoter Sunil Jhunjhunwala, the company launched the Technosport brand in South Africa and the UAE in 2020-21. Advay Capital Advisors advised on the fundraising transaction.
Continue Exploring: Agilitas Sports steps into consumer market with acquisition of Lotto brand license, aims for 2025 debut
A91 Partners, founded by Abhay Pandey, VT Bharadwaj, and Gautam Mago, former partners of Sequoia Capital India (now Peak XV Partners), directs its investments towards companies operating within the technology, consumer, and financial services sectors.
According to the company’s website, it employs over 500 people and manufactures 12 million garments annually.
As of press time, Techno Sportswear, A91 Partners, and Advay Capital had not responded to emails.
Since its founding in 2018, A91 has backed a number of businesses, including Digit Insurance, HealthKart, Paper Boat, and Blue Tokai Coffee.
Continue Exploring: Puma enlists fitness icon Milind Soman as running ambassador
