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KIBI Sports raises $100K in pre-seed funding

EntrackrEntrackr · 6m ago
KIBI Sports raises $100K in pre-seed funding
Medial

KIBI Sports raises $100K in pre-seed funding Sports startup KIBI Sports has raised $100,000 in a pre-seed funding round from angel investors such as Saurabh Aggarwal, Arpit Bhardwaj, Vartika Joshi, Suryansh Jain, Pranjal Bansal, Amit Kumar Sahu, Pratibha Rani, and Sushila. The Bengaluru-based company had previously raised $129K from Lakshmana Padmanabhan and others. The fresh funds will be used to expand its operations, enhance technology, and scale its platform to reach a broader audience, KIBI Sports said in a press release. Founded in 2020 by Sagar Rai, KIBI Sports eliminates the hassles of lack of financial support and professional opportunities by creating a platform that empowers athletes and streamlines the sports ecosystem. It aims to create a sustainable sports ecosystem where athletes, brands, and institutions can thrive together. It also aspires to transform the way the sports industry operates by offering scalable and effective solutions. According to KIBI Sports, it operates through three core revenue channels: a digital marketplace facilitating seamless transactions for sports equipment and merchandise, a platform connecting athletes and institutions with brands for sponsorships, and a streamlined system for sports event registration and booking. The platform builds a comprehensive platform that serves stakeholders across the sports ecosystem, particularly those in Tier-2 and Tier-3 cities, while elevating the visibility of underrepresented sports. According to market research, the Indian sports industry is projected to reach $100 billion by 2027. KIBI Sports claims that it has onboarded over 20,000 athletes and 800 sports institutions and secured multiple sponsorship deals.

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BNZ Green specializing in blockchain-based climate solutions raises $100K

IndianStartupNewsIndianStartupNews · 1y ago
BNZ Green specializing in blockchain-based climate solutions raises $100K
Medial

Mumbai-based startup BNZ Green has secured $100,000 in pre-seed funding from Climate Detox and angel investors for its blockchain-based climate solutions. The company's flagship product, BNZ X, aims to revolutionize the carbon credit market by leveraging blockchain for improved transparency and efficiency. BNZ Green's mission is to encourage individuals, projects, and organizations to reduce their carbon footprint and support the transition to a net-zero carbon economy. The funding will be used for platform development and marketing initiatives while enhancing BNZ X's capabilities in user experience, functionality, and scalability. The startup also aims to improve brand visibility through digital campaigns and strategic partnerships.

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.

Agri-supply chain startup Bull Agritech raises $100K

EntrackrEntrackr · 1y ago
Agri-supply chain startup Bull Agritech raises $100K
Medial

Agri-supply chain startup Bull Agritech has raised $100,000 in a new funding round from Akassh Patel and Nilesh Bhalala (BuilditIndia founders), Shashin Patel (SCC Infrastructure, MD), and others. The startup has raised a total of Rs 1.5 crore in the last four months as part of the pre-seed round. Founded by Hit Desai, Bull Agritech is an agri-supply chain startup focussed on creating a commodity supply chain by using technology and their network of farmers and commodity processors. According to Bull Agritech, the funds will be used to expand into new regions, double the number of collection centers and broaden commodity portfolios. It will also onboard talent to drive operational efficiency and innovation. The startup claims to have facilitated trades worth Rs 35 crore in the last 24 months, with over 6,000 farmers choosing to sell their crops through Bull instead of relying on local APMCs. It reported 200% year-on-year growth, and is committed to sustaining 25% month-on-month growth.

Shoe care brand SHOEGR raises $100K from PedalStart

EntrackrEntrackr · 4m ago
Shoe care brand SHOEGR raises $100K from PedalStart
Medial

Mohali-based shoe care brand SHOEGR has raised $100K in a pre-seed round from early-stage startup accelerator PedalStart. The proceeds will be used to grow and scale its product portfolio, improve market and end-user reach, and strengthen its awareness-building initiatives. Additionally, the funds will be used to ramp up SHOEGR’s direct-to-consumer (D2C) presence by enhancing the e-commerce experience on its own website and facilitating new retail partnerships to allow its products to reach a wider audience. Co-founded by Saurabh Gupta, Anuj Sachdeva, and Ankit Roy, SHOEGR has introduced an extensive range of shoe cleaning, protection, and storage solutions. Apart from its website, SHOEGR currently sells its products via platforms like Amazon, Flipkart, Myntra, and Ajio. Notably, in October last year, SHOEGR claims to have achieved Rs 50 lakh monthly sales and is projected to cross Rs 1 crore monthly sales in FY26.

Climatetech startup BNZ Green secures $100K in pre-Seed round

EntrackrEntrackr · 1y ago
Climatetech startup BNZ Green secures $100K in pre-Seed round
Medial

Climate solutions startup BNZ Green has raised $100,000 in its pre-Seed round led by Climate Detox with participation from some angel investors. This seems to be the first funding for the Mumbai-based startup. The company plans to use the proceeds towards platform development and marketing initiatives, BNZ Green said in a press-release. Founded by Ashish Jain and Neha Jain in 2023, BNZ Green provides carbon footprint accounting tools for individuals and companies. The platform’s flagship product, BNZ X, is a blockchain-based carbon credit marketplace which aims to create impact on the carbon credit market. According to the Mumbai-based company, it seeks to enhance brand visibility and engage with the target audience and will deploy strategies that will include digital campaigns, strategic partnerships, and a multifaceted approach across online and offline channels. BNZ Green helps companies to take practical climate mitigation action through carbon credits. The other major players in this space are the Bengaluru-based Carbon Masters, Climes Inc, Solinas Integrity, IAP, et al.

Exclusive: DealShare co-founder’s new startup Sports For Life raises seed round

EntrackrEntrackr · 9m ago
Exclusive: DealShare co-founder’s new startup Sports For Life raises seed round
Medial

Sourjyendu Medda, co-founder of social commerce platform DealShare, has ventured into the sportstech space with his new startup, Sports For Life, which aims to invest in and support the sports ecosystem in India, focusing on providing athletes with the necessary resources to excel. While Sports For Life has yet to announce its official launch, the Bengaluru-based startup has raised seed funding from individual investors and early-stage venture capital firm Roots Ventures. The board of Sports For Life’s parent company, Jambavan Academy, has passed a special resolution to issue 3,000 Seed CCPS to raise Rs 9.5 crore, according to its regulatory filings accessed by Entrackr. Roots Ventures invested Rs 5 crore, while ML Tondon and Sons HUF and Blume Ventures pumped in Rs 3 crore and Rs 1 crore, respectively. The rest of the amount was poured in by Kunal Shah’s QED Innovation and Himanshu Arora. According to TheKredible, the company is valued at Rs 36.65 crore ($4.3 million) following this seed round. Following the fresh funding, Roots Ventures has become the largest external stakeholder with a 12.08% stake, followed by ML Tandon HUF and Blume Ventures. Co-founders Sourjyendu Medda and Armaan Tandon collectively hold 66.83% of the company. See TheKredible for the detailed shareholding pattern. According to the firm’s website, Sports For Life is investing in sports academies across India, with the goal of creating a sports ecosystem that elevates the overall standard of sports in the country. Medda, who was one of the co-founders and a board member of DealShare before leaving in January, has also roped in Armaan Tandon, a former data and operations analyst at Cartesian, as a co-founder of Sports For Life. In 2024, several prominent startup founders have launched new ventures, many of which have already secured initial funding. Notable launches include ZeroPe by BharatPe co-founder Ashneer Grover, OppDoor by Flipkart co-founder Binny Bansal, Unikon by Bella Vita founder Aakash Anand, Gabit by Zomato co-founder Gaurav Gupta, Callmatic by Mitron TV co-founder Shivank Agarwal, and Lyskraft and Nurix AI by Cult.fit co-founder Mukesh Bansal.

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