India’s Most Robust Sports Tech Venture

ABOUT: A rapidly growing sports tech venture, founded in 2022, is revolutionizing the industry with its asset-light and tech-driven business model. Their approach involves leasing private sports centers for five years without any CAPEX, rebranding them, and upgrading facilities as needed.

Their area dominance strategy, exemplified by acquiring 6 out of 8 sports centers in a locality, creates significant entry barriers for new competitors. With a repeat rate of over 70% for the Learn vertical and over 50% for the Play vertical, their model significantly boosts existing sports center revenues by 1.5-2 times.

Training over 2,000 kids monthly, they have established themselves as leaders in Bangalore sports circles. Partnered with Olympian Nisha Millet, they have set new standards in sports training and facilities.

TRACTION: Achieved FY24 revenue (Provisional): ₹13 Cr (US$ 1.5 Mn). Through their innovative app, which integrates Learn, Play, and Shop services, they have doubled the revenue of sports centers within 6 months, achieving monthly revenues of ₹10.5 lakh. Each center coaches over 160 kids and facilitates 2000 adult playing hours per month.

FUNDRAISE: They are currently raising ₹8 Cr [₹5 Cr (Subscribed), ₹3 Cr (Available for Subscription)]