Virat Kohli to sell One8 to Abhishek Ganguly-led Agilitas Sports

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Virat Kohli has agreed to sell his sports and lifestyle brand One8 to footwear and apparel company Agilitas Sports, while also investing Rs 40 crore in the company.

As part of the transaction, Kohli will join Agilitas as an investor and co-founder of one8. Separately, Kohli will invest Rs 40 crore in his personal capacity to acquire a minority stake in Agilitas Sports. 

The exact stake size related to this investment was not disclosed. 

In June, Entrackr reported that Kohli acquired a 1.49% stake in the company for his investment. The same funding…



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Virat Kohli to sell One8 to Abhishek Ganguly-led Agilitas Sports


Virat Kohli has agreed to sell his sports and lifestyle brand One8 to footwear and apparel company Agilitas Sports, while also investing Rs 40 crore in the company.

As part of the transaction, Kohli will join Agilitas as an investor and co-founder of one8. Separately, Kohli will invest Rs 40 crore in his personal capacity to acquire a minority stake in Agilitas Sports. 

The exact stake size related to this investment was not disclosed. 

In June, Entrackr reported that Kohli acquired a 1.49% stake in the company for his investment. The same funding…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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