The Wealth Company AIF invests Rs 400 crore in Boldfit
In short
The Wealth Company AIF has put Rs 400 crore into Boldfit. Boldfit was founded in 2018 by Pallav Bihani and says it now serves over 2 crore customers a year.
This matters because the money may help Boldfit grow its sports and fitness business. The report does not say how the funds will be used or what the deal value means for ownership.
What the reporting says
The Wealth Company AIF invested Rs 400 crore in Boldfit, a sportswear and fitness company founded in 2018 by Pallav Bihani. The reporting says Boldfit has grown at a CAGR of more than 80% over the past three years and serves over 2 crore customers annually. It does not state the use of funds, valuation, or whether the investment is primary or secondary.
Why it matters
The Wealth Company AIF invested Rs 400 crore in Boldfit, which sells sportswear, athletic footwear, sports equipment, and fitness essentials. Boldfit was founded in 2018 by Pallav Bihani and says it has grown at more than 80% CAGR over three years, serving over 2 crore customers annually. The source does not say how the capital will be deployed or what stake was taken.