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IPV leads Rs 4.8 Cr round in e-sports startup Machaxi

EntrackrEntrackr · 1y ago
IPV leads Rs 4.8 Cr round in e-sports startup Machaxi
Medial

Tech-enabled sports startup Machaxi has raised Rs 4.8 crore ($580,000) in a pre – Series A Round led by Inflection Point Ventures. The Bengaluru-based company had previously raised $160,000 in a seed round back in 2022 from notable angel investors. The funds will be used to develop technology for user analytics and sports shopping, expand the sports shop vertical, and build the brand, Machaxi said in a statement. Co-founded in 2019 by Pratish Raj, Tushar Raj, and Ashish Anand, Machaxi provides sports coaching for kids, offers facilities for adults to play sports in their neighbourhoods. It also offers an app that allows users to shop for sports equipment. Machaxi claims to have registered a gross revenue run rate of Rs 18 crore, maintaining an EBITDA-positive status since inception. It also claims to have 50,000 users monthly. The company’s facilities cover a wide range of sports, including badminton, swimming, table tennis, football, and cricket, The sports market in India is valued at approximately $5 billion. Machaxi may directly or indirectly compete with other startups like Cult, Flow Sports, Khelomore, Push Sports, Sporthood et al.

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Hudle raises Rs 7 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Hudle raises Rs 7 Cr in pre-Series A round
Medial

Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

Mobility startup Pumpumpum raises Rs 2 Cr led by IPV

EntrackrEntrackr · 1y ago
Mobility startup Pumpumpum raises Rs 2 Cr led by IPV
Medial

Fintech mobility startup Pumpumpum has raised Rs 2 crore in a new round led by Inflection Point Ventures (IPV). Previously, the startup had raised $2 million in equity from LC Nueva Investment Partners, Founders Room Capital, LetsVenture and others in June 2022. The proceeds will be used for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development. Founded in 2018 by Tarun lawadia and Sameer Kalra, PumPumPum works in B2B2C & B2C pre-owned car leasing model. It offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability. Through the integration of technology and data analytics, the firm delivers an easy and personalized experience for accessibility and convenience. Earlier this month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round. Its recent investments include BonV Aero, AllTrak, Onedioss, among others.

Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others

EntrackrEntrackr · 1m ago
Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others
Medial

Machaxi, a Bengaluru-based sports-tech startup focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a funding round led by Rainmatter, the investment arm of Zerodha, with participation from badminton legend Prakash Padukone and existing investors. The proceeds will support Machaxi’s expansion into Hyderabad, Pune, and Chennai, and accelerate the development of its AI-powered coaching platform aimed at standardizing badminton training across India. Founded in 2022 by Pratish Raj and Ankit Raj, Machaxi offers training programs that ensure consistent, high-quality coaching regardless of geography. The firm currently operates centres in Bengaluru and aims to expand its reach nationwide, catering to first-time players as well as aspiring professional athletes. As part of its expansion strategy, Machaxi has partnered with the Padukone School of Badminton to launch the “Machaxi x Padukone School of Badminton” program, which aims to set up more than 1,000 coaching centres over the next four years. The system will assist with performance tracking and scalability, complementing human coaching rather than replacing it.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr · 1d ago
Parkobot raises Rs 2.09 Cr in seed round led by IPV
Medial

Snippets Parkobot raises Rs 2.09 Cr in seed round led by IPV IoT-based parking startup Parkobot has raised Rs 2.09 crore (around $243K) in a seed round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals. The funding will be used to expand infrastructure, enter new markets, enhance backend operations, and diversify its product portfolio. Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it lays the groundwork for scale. It offers a tech-enabled solution that allows users to monetize their private parking spaces through an IoT-powered smart parking space barrier integrated with the Parkobot mobile app. It operates as a real-time, on-demand platform by enabling hourly rentals of unused spots. The platform currently manages over 20,000 bookings each month and is built on a proprietary tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). It supports automated, pre-booked parking experiences with minimal manual intervention. The startup has already deployed its smart barriers at key high-traffic locations and aims to reduce urban congestion by optimizing underutilized parking spaces.

Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV

EntrackrEntrackr · 2m ago
Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV
Medial

Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV Craft alcoholic beverage startup Feline Spirits has raised Rs 5.2 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV). The proceeds will be used to expand the company’s portfolio and enter new markets. Founded by Prabhat Sharma and Rohit Saxena, Feline Spirits focuses on handcrafted vodka, whisky, and brandy in the premium and mass-premium segments, using authentic ingredients and transparent distilling practices. Feline Spirits is currently operational across eight states and union territories, with a customer base of over 20 lakh. In FY25, the brand claims to sell more than 4.1 lakh bottles (19,751 cases), generating Rs 25 crore in sales revenue. It has secured operating licenses in eight markets, including five government-owned and operated ones. With a gross profit margin of 55% in the premium segment, the platform aims to bridge the gap between low-quality mass-market products and high-priced international brands by offering affordable, premium spirits. According to market research, India’s spirits market is projected to reach $31 billion in 2024, growing at a CAGR of 6.51% through 2028. Globally, the market is expected to grow from $1.4 trillion in 2022 to $2 trillion by 2027.

Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn

EntrackrEntrackr · 10m ago
Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn
Medial

Gaming and sports media company Nazara has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for an aggregate cash consideration of up to $2.2 million. Last month, Nazara Technologies acquired Fusebox Games Limited, a UK-based gaming studio for Rs 228 crore ($27.2 million) in an all-cash transaction. The current acquisition strengthens Nazara’s position in the gaming and e-sports landscape, the company said in a stock exchange filing. Founded by Chadha, Rahul Singh, Nauman Mulla, and Shubham Gupta in 2022, Stan provides a web3-based platform for creators to build, monеtisе communitiеs and allow usеrs to engage with their favourite gaming creators or celebrities through digital collectibles, chat or audio rooms, and еxclusivе cеlеbrity communities. In January this year, Stan raised $2.7 million from Aptos Labs, Maelstrom Fund and others. In May 2022, the Bengaluru-based startup raised $2.5 million in its seed round led by General Catalyst and others. With a userbase of over 12 million, the startup claims to have a turnover of $1.8 million as of March 31, 2024. Nazara’s operating revenue fell 6.06% to Rs 250 crore in Q1 FY25 from Rs 266.2 crore in Q4 FY24. E-sports formed 52.73% of the company’s total operating revenue whereas the gaming segment had a share of 37.11% followed by ad tech which accounted for 10.26% of the topline. In the past few months, Nazara has done a bunch of deals including the acquisition of Kiddopia’s developer Paper Boat Apps, buying IP rights of Ultimate Teen Patti and taking over assets of DeltiasGaming.

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