News on Medial

TIDA Sports raises seed round led by IPV

EntrackrEntrackr · 2h ago
TIDA Sports raises seed round led by IPV
Medial

TIDA Sports raises seed round led by IPV Multi-sports training & coaching platform TIDA Sports has raised Rs 3 crore in a seed funding round led by Inflection Point Ventures. The proceeds will be allocated towards widening its footprint across five states and 30 cities, upgrade its technology, strengthen its B2B operations, bring more coaches on board, and scale up its on-ground marketing efforts, TIDA Sports said in a press release. Co-founded in 2023 by Adit Goel, Sumeet Malik, Priyansh Matta, and Sanchit Budhiraja, TIDA Sports aims to nurture young talent in the sports industry. Operating in the youth sports training and development sector, it stands out for its structured coaching programs, certified trainers, and a unique focus on balancing sports with academics. As per market research, India’s sports industry is expected to grow from its current $52 billion industry to $130 billion by 2030. The sports tech market is projected to triple by 2030, reaching about $61.7 billion globally. According to the Chandigarh-based startup, it works through partnerships with schools and collaborations with local sports body academies, making sports venues and tournaments accessible to all. It has collaborated with schools such as GD Goenka, DPS, DAV, and Aravali to run and enhance their sports programs. As of now, it has organized more than 100 tournaments and has helped develop players who have represented their states and the country in elite-level championships. At present, TIDA Sports operates across Uttarakhand, Punjab, and Haryana, with training centers in Rishikesh, Haridwar, Dehradun, Chandigarh tricity, Patiala, Jalandhar, Ambala, Amritsar, Ludhiana, and Ferozepur. With more than 150 academies, the company aspires to enter major cities across India with the larger goal of building a strong and accessible sports development network across the country. Inflection Point Ventures (IPV) is an angel investing platform with over 24,000 CXOs, HNIs, and Professionals who invest in startups. The firm supports new-age entrepreneurs with monetary and experiential capital and connects them with a diverse group of investors.

Related News

The Artment raises Rs 10 Cr in pre-Series A round led by IPV

EntrackrEntrackr · 28d ago
The Artment raises Rs 10 Cr in pre-Series A round led by IPV
Medial

Snippets The Artment raises Rs 10 Cr in pre-Series A round led by IPV Home décor and lifestyle brand The Artment has raised Rs 10 crore in pre-Series A funding round led by Inflection Point Ventures. The round also witnessed participation from Siyaram Family Office, ESV, Capitar Ventures and others. IPV made its investment in this round through IPV International as well, utilizing the GIFT City route. The Gurugram-based company had previously raised $527K in a seed funding round from Harshit Poddar and others. The proceeds will be deployed over category expansion, investment in ‘Art Lab’ – a tech-platform to crunch data, launch products and towards channel expansion, The Artment said in a press release. Co-founded in 2019 by Aditya Agarwal and Aanchal Agarwal, The Artment offers a wide range of artistic home furnishings, including dining, lighting, and wall art, designed with various art movements in mind. The brand maintains a strong online presence through its website and major e-commerce platforms, and has expanded into offline luxury retail through a partnership with Taj Hotels. “At Artment, we invested early in building a strong data analytics infrastructure called Art Lab, which powers our ability to launch the right assortment efficiently and stay close to evolving consumer preferences,” said Aditya Agarwal, founder & CEO, The Artment. As per a market research, India’s home & living market, currently valued at $3.7 billion, is growing at a 15% CAGR, with 12% of sales occurring online. The Artment claims that it is EBITDA positive and is aiming to reach 100 crore ARR in the next six months. The brand has a repeat customer rate of 20%, showing trust and steady demand from the existing users. The Artment is backed by a deep supply chain network present in most key art and manufacturing clusters across India such as Moradabad, Khurja, Firozabad, and Jodhpur.

Download the medial app to read full posts, comements and news.