Bengaluru-based Techno Sportswear has secured Rs 208 crore in funding from investment fund A91 Partners and this marks the company’s inaugural fundraising effort.
The company specialises in manufacturing performance wear aimed at the mass market, selling its sportswear apparel under the brand name Technosport.
TechnoSport product categories include men’s t-shirt, gym vests and jackets, to women’s tights and pants to kids’ shorts and track pants.
“Founded in 2007 with just five employees, Techno Sportswear expanded its operations significantly over the years and in 2016, it established a modern factory in Tiruppur,” ET Bureau reported.
Under the leadership of promoter Sunil Jhunjhunwala, the company ventured into international markets, launching the Technosport brand in South Africa and the UAE in fiscal 2020-21
According to its website, TechnoSport manufactures around 12 million garments each year and employs around 500 people.
The performance wear brand recently launched its summer collection of athleisure wear featuring beach inspired hues and abstract prints.
The brand has also unveiled a selection of active outerwear such as zip up shells which are designed to remain aerodynamic when worn.
TechnoSport ensures not only the functionality of the products but also offers a wide range of colors and styles.
A91 Partners, led by former Sequoia Capital India partners Abhay Pandey, VT Bharadwaj and Gautam Mago, specialise in investments across technology, consumer goods and financial services sectors.
Earlier last month, TechnoSport had joined sustainable solutions supplier Bluesign as its first India-based garment brand partner.
“Bluesign is a gold standard for more sustainable textiles,” Sunil Jhunjhunwala had said after bagging the Bluesign certification.
