homestartup NewsNithin Kamath Rohan Bopanna lead $2 million Pre Series A round in sports tech startup Game Theory
Nithin Kamath Rohan Bopanna lead $2 million Pre-Series A round in sports tech startup Game Theory
The startup intends to use the fresh capital towards developing the new technology and expanding the reach of these facilities across India. In addition to existing sports such as badminton, swimming, and squash, the brand said it will soon introduce tennis, table tennis, and football, it added.
Sports tech platform Game Theory has raised $2 million in its Pre-Series A funding round led by Rainmatter Capital (Zerodha’s investment arm), tennis player Rohan Bopanna and others. The fundraise marks Nithin Kamath’s foray into the sports category.
"One of the best ways to stay fit is to pick up and play a sport regularly. The problem is it's hard to find locations to play regularly and match with similarly skilled individuals. Game Theory is solving this problem by making sports accessible to Indians. Given our mission at Rainmatter to help Indians make healthier choices, we are excited to join the Game Theory team in this journey,” said Kamath.
The funding round also saw participation from investors including WEH Ventures, Prequate Advisory, and angel investor Balakrishna Adiga. The Bengaluru-based startup integrates technology with players in the real world, via their sports facilities to gamify the experience. It integrates real-time scorekeeping, captivating video highlights for on-field experience.
"Our fully-integrated technology platform, with several first-in-the-worlds, will bring in interactive features like real-time scorekeeping, captivating video highlights, pro sports like stats and on-court matchmaking will enhance the overall experience for our users. This successful fundraising is just the beginning; it marks the beginning of how everyday sports can be transformed with technology," said Sudeep Kulkarni, Founder, Game Theory.
The startup intends to use the fresh capital towards developing the new technology and expanding the reach of these facilities across India. In addition to existing sports such as badminton, swimming, and squash, the brand said it will soon introduce tennis, table tennis, and football, it added.
Prequate Advisory acted as the strategic and financial advisor to Game Theory on this transaction. Prior to this funding round, Game Theory had raised approximately $500,000 from Techstars and other notable angel investors in its angel round.
(Edited by : Pihu Yadav)
First Published: Oct 17, 2023 1:24 PM IST
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