ATICX one of India’s fastest-growing Activewear companies for athletes has acquired major funding in their seed round from the LEAF, with close assistance from Gupta Gulati and Associates. The company has reached 1.2 million USD, post-money valuation.
ATICX will use this money to launch a new set of high-quality, affordable activewear for athletes along with increasing its customer base across India and North America through its channel partners. It has already established a large client base of 25000+ customers and stands with the lowest return rate from customers in the industry.
Speaking on the occasion, Mr Yash Gupta, the founder of ATICX said
“The purpose of ATICX is to realise the full potential of every athlete worldwide
by making the best, most cutting-edge products available to athletes. As the products that are available in the Activewear category are either made according to the requirements of the Americans and imposed on us or made from cheap fabric imported from China. This leads to badly fitted, awfully stitched, non-stretchable, substandard Activewear.
To solve this problem, ATICX uses a combination of various synthetic fibres, including Polyamide, Spandex, and Polyester, to produce the most consistent, most flexible, and most long-lasting garment products. All of our products are sewn together using various state-of-the-art computerised sewing machines. This has already led us in achieving one of the lowest buyer return rates in the industry.
Yash added “I’m quite convinced that we’ll revolutionize the Activewear market by bringing the most affordable, high-quality products. We appreciate the support of our current investors, who are happy to see that we are progressing with a 5X growth year over year.
Additionally, we are expanding to North American countries including Canada, Mexico and the United States of America. We aim to grow by over 3 times in the upcoming year and increase our clientele to regular paying clients. Our vision is to become a regular part of each athlete’s life and assist them in achieving their objectives.”