Sports and fitness gear brand Slovic has crossed Rs 200 crore in annualised recurring revenue (ARR) in April 2026 and turned EBITDA positive during the same month, according to Shashwat Diesh, founder of Powerhouse91, which owns the brand.
The company has recorded nearly 250% CAGR growth over the last two years, steered by its focus on fitness and home-gym equipment.
"Slovic has built the business with strong capital efficiency and disciplined growth," Diesh told Entrackr. "The company's revenue scale relative to the capital raised reflects the strength of the model."
Founded by Aqib Mohammed and Shashwat Diesh, Slovic was incubated by Titan Capital and has raised around Rs 28 crore in equity funding so far. Its backers include Haresh Chawla, FJ Labs, Crossbeam Venture Partners, and Mamaearth co-founder Varun Alagh.
According to Diesh, Slovic's revenue grew from Rs 30 crore in FY25 to Rs 92 crore in FY26, while its current ARR stands at Rs 225 crore.
The company's home workout range, including dumbbells, pull-up bars, and resistance bands, contributes the largest share of revenue, followed by swimming and cricket equipment categories, he added.
Slovic currently derives around 45% of its sales each from marketplaces and quick commerce platforms, with the remaining revenue coming from its D2C website. Aqib Mohammed, co-founder of the company, attributed Slovic's EBITDA-positive status to rising organic demand and improving brand recall. "Branded searches for Slovic have grown 8X over the last six months, which has significantly improved customer acquisition efficiency," he said.
The company currently has a team of around 80-90 people. On future fundraising plans, Diesh said there is strong investor interest in the company, but raising fresh capital is not an immediate priority as the business is already profitable.
Alongside the financial milestone, Slovic recently signed Tiger Shroff as its brand ambassador as part of its "Gym Ghar Lao" campaign, aimed at strengthening its presence in the home fitness segment.
Slovic's growth represents growing demand for affordable home fitness products, particularly outside premium urban segments. The category, however, is becoming increasingly competitive, with players such as Decathlon, Cultsport, Boldfit, and several low-cost marketplace sellers competing on pricing and distribution. Even so, the company says improving brand recall and repeat demand are helping reduce customer acquisition pressure as it scales.