This month 6 Sport startups caught our eye
There have been several successful startups which have flourished in the recent times attracting the investors with great deals. Some of the very interesting Indian sports startups which created the fitness challenge in one’s mind are as below:
Live Sports365E RetailPvt.Ltd is an online forum which was founded in the year 2012 by Chandrasekhar Reddy, Aashutosh Chaudhari, Afroze Khan and Mahesh Bhupati, which is headquartered at Bangalore. The startup showcases it’s strength in selling out sports and fitness equipments, accessories and apparels. They also concentrate on selling nutritional products and IPL gear for IPL teams. Alongside sports365.in, the company also runs three other portals namely, Tennishub.in, Runninghub.in, Cyclinghub.in and Badmintonhub.in. These portals help the users by providing them specialized assistance in training on Tennis, Running, Cycling and Badminton. Additionally, they get the users’ Gait analysis done and also offer the expert advices to the users of the portal. Currently, the company is doing about 40,000 transactions a month. Having had good investors like Zolon Ventures and Powerhouse Ventures, the company is also planning to launch four more portals and three private labels by the end of 2016. The company has successfully raised $1.5 million in 2014 and $500,000 in bridge round in the year 2015. The most alluring note about sports365.in is that cricketer Yuvraj Singh and actress Lara Dutta are the brand ambassadors for the company.
When asked one of the founders, Chandrasekhar Reddy about their expected target, he stated, “We are targeting top line of Rs 90-100 crore in FY 2016-17. We are in talks with existing investors and other VC funds to raise $6-8 million in Series A funding.”
The free Hit Technologies Pvt Ltd was founded in the year 2015 by Nikhil Jha, Vivek Kumar, Rajendra Bansal and Sumit Pokhriyal which has its headquarters at Gurgaon being funded by Angel investor Naveen Gupta. The startup allows an individual to form teams with the other players online, play the sport and helps them to review and track the progress of the co-players through the website. Currently, the startup has successful operations being done at Delhi-NCR and has about 100 venues listed on their portal to play the game with nearly 3000 paid users. The company raised almost $30,000 in seed funding in the month of March, 2016. On a positive note regarding the extension of their services, one of the founders Vivek Kumar says, “We are planning to expand our presence across four metro cities and list 500 sports venue soon.”
The company entitled, Junior Sports and Services Pvt. Ltd is one of the oldest sports startup founded in May 2003, headquartered at Bangalore, by Jitendra Joshi and Saumil Majmudar. It is basically a sports management service provider funded by Gaja Capital and Seedfund. The main motto of SportzVillage is to spread the magic of sport towards creating a champion in one’s own life. It is a leading provider of sports education and sports management to schools and corporate. It also offers sports marketing and sports infrastructure services and sports ticketing through its two arms which are namely the SportzConsult and EduSports. SportzConsut works with corporates such as Coco cola, Nike, Hero Motocorp, Jr. NBA, Axis Bank and franchise owners. And EduSports works with around 400 schools across India, Nepal and Middle East. It raised $2 million in seed funding in the year 2010 and $10 million in October, 2015. Saumil Majmudar says, “EduSports aims to reach 1,000 schoolsand one million kids by the year 2018. SportzVillage has served 5 lakh customers so far.”
Supurk Fitness and Tech v. Ltd was founded in the year 2015 by Supriya Mamgain and Varun Kapoor headquartered at Delhi. The startup is funded by Hyderabad Angels and has raised $16,000 in angel funding in January 2015. The motto of playyoursport is to let it users discover the fitness centres in around their neighbourhood letting them connect with the other sport and fitness enthusiast around that area. And also to attract people of different age groups right from teenage, especially from the metropolitan cities. The startup is currently present in Delhi and Mumbai and listed around 2000 venues listed on their platform. One of the founders Supriya Mamgain quotes that, “There are over 700 million sport enthusiasts in the country and our goal is to target the 20 million in the metro cities in the 18-49 years age group.”
Oyeplay Sports Pvt. Ltd was established the year 2015 at Bangalore by Amar Pal Singh and Hitesh Jain, invested by Zaikenn Management Services.It is an online portal where the users will have playgrounds, adventure sports, professionals by whom the user could be taught, and events taking place frequently on the platform where they already have around 450 venues listed and over 7000 customers. It is a dais where the sport enthusiasts can pick their favourite sport courts from games like badminton, football, cricket, tennis, volleyball and yoga. The founder says that there has not been much expansion of this startup into other cities yet, but it can be expected very soon. Amar Pal Singh says, “We started from Bangalore, so we have more footprints there, but this year we will focus on Hyderabad and Chennai.”
Having founded in the year 2012 by Akanksha Saxena, Bookmysports has many facilities such as Booking a facility, learning a sport, planning a tournament, viewing a tournament, finding a coach, finding a sports partner whose profile could be a mutual match, and availing the various other service which can be availed by corporate firms, schools, universities and tournament organizers. The present client list the ‘Brain Seed Sportainment Pvt. Ltd’ has includes, Amway, TCS, Dainik Bhaskar, CABI, AON Hewitt, Tri Legal, Khaitan and Luthra & Luthra. It nearly rose a funding of around Rs. 1 crore during the year 2015. At present the platforms that can be availed by the users are at Delhi-NCR, Bangalore, Jaipur, Rohtak and Ranchi. The founder proudly says, “We are looking to raise our next round of funding soon to fund our expansion to other cities.”
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