A91 Emerging Fund II LLP has acquired a stake in Techno Sportswear Private Limited for ₹180 crore ($25 million).

TT&A represented A91 in this transaction. The deal team consisted of Sachin Mehta (Partner), Nikhil Bahl (Partner), and Shambhavi Singh (Associate), with support from the diligence team comprising Sachin Mehta (Partner), Utsav Agarwal (Managing Associate), and Shubham Gupta (Associate).

JSA advised Techno Sportswear, with the transaction team led by Siddharth Mody (Lead Partner) and including Anurag Shrivastav (Partner) and Alister Sequeira (Senior Associate). The due diligence team consisted of Siddharth Mody (Lead Partner), Alister Sequeira (Senior Associate), Prakhar Sharma (Senior Associate), and Gavin Pereira (Junior Associate).

Techno Sportswear, engaged in manufacturing and marketing activewear apparel such as sports t-shirts, track pants, and shorts, will use this investment to enhance its market presence in India and internationally, following its recent launches in South Africa and the UAE.