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Sports-tech startup StepOut raises $1.5 Mn led by Rainmatter

EntrackrEntrackr · 17d ago
Sports-tech startup StepOut raises $1.5 Mn led by Rainmatter
Medial

Bengaluru-based sports-tech startup StepOut has raised $1.5 million in a Pre-Series A funding round led by Rainmatter by Zerodha. The round also saw participation from SucSEED Innovation Fund and Misfits Capital. Rainmatter had earlier led the company’s seed round in late 2024. The proceeds will be used to expand international operations, deepen investments in AI and computer vision, and scale product capabilities. StepOut also plans to expand beyond football into amateur sports and other disciplines over time. Founded by Jeet Karmakar and Sayak Ghosh, StepOut is an AI-powered football performance and intelligence platform focused on player development, match analysis, and scouting. The platform is used across youth, semi-professional, and professional football. Since its last funding round, StepOut claims to have analysed over 25,000 matches, tracked over 150,000 players, and reported 3x year-on-year revenue growth with a 90% customer renewal rate. The startup currently serves 120 clubs, academies, and federations across 23 countries. StepOut’s platform offers tools such as AI-driven match analysis, automated highlights, performance dashboards, live match analytics, and advanced football metrics including xG, xA, PPDA, and player impact scores. It has been deployed across tournaments like the Dream Sports Championship and elite domestic competitions. The startup works with clubs and federations including AFC Ajax, Rayo Vallecano, Bengaluru FC, Hong Kong FC, and the All India Football Federation, and is running pilots with global clubs such as Real Madrid, Chelsea, Fulham, and Espanyol.

Sportstech startup StepOut raises $500k in seed round

EntrackrEntrackr · 12m ago
Sportstech startup StepOut raises $500k in seed round
Medial

StepOut, an Indian sports performance analysis and ecosystem technology startup, has raised $500,000 in its seed round led by Rainmatter, founded by Nithin Kamath, CEO of Zerodha. The round also saw participation from IndigoEdge, Marwah Sports Group, and Misfits Capital. Founded by Jeet Karmakar and Sayak Ghosh, StepOut’s platform automates the tedious manual data collection process traditionally handled by coaches and analysts with a remote AI-powered SaaS setup requiring only uploading a video, saving 80% of time and effort. The platform assists in identifying players and tracks every event on the field to ensure 99% data accuracy. StepOut currently works with the likes of AFC Ajax from the Eredivisie and Rayo Vallecano from La Liga. The brand claims to have become the first Asian tech company to win the prestigious Reimagine Football competition, hosted by UEFA, AFC Ajax, The FA, KNVB, and City Football Group.

Electric mobility platform Drivn secures $80 Mn commitment from Nomura

EntrackrEntrackr · 4d ago
Electric mobility platform Drivn secures $80 Mn commitment from Nomura
Medial

Drivn, a full-stack electric mobility platform focused on large commercial vehicles, has secured financing commitments of up to $80 million from Nomura, a global financial services group. The proceeds will be used to support the Phase 1 rollout of nearly 1,000 electric buses and trucks across inter-city and heavy transport segments, Drivn said in a press release. Co-founded last year by Manav Bansal and Alpna Jain, Drivn aims to build India’s operational and financial backbone for commercial electric mobility. The company acquires, owns, and leases electric buses and trucks, supported by an integrated tech-stack model that includes planning charging infrastructure, battery lifecycle management, fleet operations, and end-of-life solutions. According to the Gurugram-based startup, its OEM-agnostic approach is purpose-built for inter-city transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale. The company’s proprietary platform and on-ground operating data enable better asset utilization, efficiency, and performance that large fleets demand, supporting customers across sectors such as inter-city bus transportation, logistics, ecommerce, cement, and steel. The company focuses on inter-city transport and heavy trucking—segments that remain underserved by traditional financiers despite offering the highest potential for emissions reduction and operational efficiency. Drivn said its platform enables Scope 3 emissions reduction for hard-to-abate sectors including logistics, cement, and steel, while supporting India’s target of 30% electric vehicle penetration by 2030. By combining asset ownership with operational and data discipline, the company is positioning itself as a long-term infrastructure provider for India’s transition to zero-emission commercial transport.

Nila Spaces acquires minority stake in fintech startup Alt DRX

EntrackrEntrackr · 3d ago
Nila Spaces acquires minority stake in fintech startup Alt DRX
Medial

Nila Spaces, a design-led real estate developer, has invested Rs 6 crore to acquire an approximately 1.4% minority stake in Alt DRX, a fintech startup at the forefront of asset and real estate tokenization in India. According to Nila Spaces, the investment signals a decisive step in accelerating the transition of real estate tokenization from early adoption to scaled growth. The current funding round has also seen participation from global institutions and Indian family offices. The Ahmedabad-based company says that the partnership with Alt DRX reinforces the company’s commitment to financial innovation that expands access, transparency, and long-term value creation in housing. The collaboration will focus on developing regulatory-compliant, investor-friendly tokenized housing products, enabling fractional ownership and lowering entry barriers for a wider demographic, while maintaining institutional-grade governance and transparency. Led by Deep Vadodaria, Nila Spaces is a real estate development company part of the Sambhaav Group. It specializes in developing residential and commercial projects, focusing on affordable housing, luxury apartments, and projects within GIFT City. The company has a significant land bank in Gujarat. Launched in 2021 by Anand Narayanan KB, Alt DRX is a Bengaluru-based fintech prop-tech startup that enables fractional ownership of residential real estate, allowing users to buy and sell property in increments as small as 1 square foot. The platform uses blockchain technology (Ripple's XRPL) for secure, transparent transactions and offers rental income alongside potential capital appreciation.

Dream11 parent set to invest $50 Mn in Cricbuzz

EntrackrEntrackr · 9m ago
Dream11 parent set to invest $50 Mn in Cricbuzz
Medial

Dream Sports, the parent company of fantasy gaming giant Dream11, is set to acquire a stake in Cricbuzz, the popular cricket media platform owned by Times Internet, according to two sources familiar with the matter. This would be the first major investment by the Mumbai-based firm in a cricket-focused content platform. “Dream11 is in the final stages of acquiring a 15% stake in Cricbuzz for $50 million,” said one of the sources, requesting anonymity. “The terms of the deal have been finalized, and the transaction is likely to materialize soon.” Founded in 2004 by Pankaj Chhaparwal, Piyush Agrawal, and Pravin Hegde, Cricbuzz started as a cricket-focused digital platform. In November 2014, Times Internet — the digital arm of the Times of India Group — acquired a majority stake in Cricbuzz for an undisclosed sum and later merged it with its cricket portal, GoCricket. “With Cricbuzz being one of India’s most visited cricket platforms, especially during major tournaments and the IPL, Dream11 will gain direct access to a highly engaged and relevant audience. This investment could help the fantasy gaming platform boost brand visibility, run targeted campaigns, and seamlessly integrate user acquisition funnels within Cricbuzz's content ecosystem,” said another source, who requested anonymity as the talks are private. According to sources, Cricbuzz closed FY25 with an estimated revenue of Rs 400 crore. However, Entrackr couldn’t verify this independently. Dream11 declined to comment on the story, while queries sent to Times Internet and Cricbuzz remained unanswered at the time of publishing.

Nazara acquires UK-based game publisher Curve Games for Rs 247 Cr

EntrackrEntrackr · 8m ago
Nazara acquires UK-based game publisher Curve Games for Rs 247 Cr
Medial

Nazara Technologies has announced the acquisition of 100% ownership in Curve Digital Entertainment Limited, a UK-based publisher of PC and console games, for Rs 247 crore ($29 million). The deal is being executed through its wholly owned subsidiary, Nazara Technologies UK Ltd, the company informed in a stock exchange filing on Tuesday. CDEL, a leading video game publisher for console and PC platforms, will become a step-down subsidiary of Nazara following the transaction. The deal also includes Curve’s six subsidiaries, such as Kuju Ltd, Runner Duck Games, and IronOak Games, which will be integrated into Nazara’s portfolio upon completion. CDEL is being acquired from Catalis Group, a UK-based media and entertainment company that owns a portfolio of interactive entertainment and QA/testing firms. The acquisition aligns with Nazara’s strategy to expand its footprint in premium game publishing globally. With a strong lineup of original IPs and a proven track record, Curve reported revenues of Rs 263.5 crore and EBITDA of GBP 10.6 million (approximately Rs 120 crore) in CY24. The acquisition is expected to strengthen Nazara’s presence in key gaming markets, including the US, UK, Japan, and South Korea. According to Nazara, the transaction will be funded through intra-group debt and is expected to close within 45 days, subject to regulatory clearances and other customary conditions. Recently, Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, signed definitive agreements to acquire TJRWrestling.net and ITRWrestling.com from Titan Insider Digital. In January 2025, it purchased two mobile games, King of Thieves and CATS: Crash Arena Turbo Stars, from Zeptolab for USD 7.7 million. Nazara has also set aside $100 million for future mergers and acquisitions to further its global expansion strategy. While Nazara has yet to file its Q4 FY25 results, its operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24. During the period, the company’s profit fell by 53.6% year-on-year to Rs 13.7 crore.

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