Sportido, a location-based sporting app that connects sports and fitness enthusiasts to other players, venues and events, has secured an undisclosed amount of funding from Sumpoorna Group, a holistic investment advisory syndicate that operates across verticals of retail, domestic and foreign institutional investors.
This investment will be deployed by the company to fuel product development, and user acquisition campaigns. Currently active in Delhi-NCR since August 2016, Sportido has 2000+ downloads. Targeting a growth of 10X in the next 12 months, Sportido plans to expand to Bangalore, Mumbai and Hyderabad by the end of 2017 and go international by the end of 2018. To accelerate its next wave of growth, Sportido is in active talks with investors to raise funding.
Founded in August 2015 by Neeraj Aggarwala, Non-Executive Founder of Sportido and Founder & Chief Product and Marketing Officer at Easypolicy.com, Vishal Lunia, Co-Founder & CEO and Akhil R, Co-Founder and Product Head, Sportido focuses on creating a hyper-local ecosystem for sports and fitness enthusiasts.
Based on factors such as location of the users, their preferred activity whether sports or fitness, their network and more, the app recommends the most relevant information customised for each user. These features make the discovery of players, services and events easier for users, while also making the news feed more engaging for the users, thereby improving retention. The App enables users to book sports venues like courts or grounds, fitness services like gyms and events like treks, marathons or tournaments.
Available on iOS and Android phones, users can reserve spots at nearby sports venues, team up with like-minded players, and know about sporting activities happening in their vicinity.
Presently, the app enables booking of sports & fitness activities from a base of 150 partnerships and more than 1200 service providers. The user can also create events and find people for more than 700+ sports via the app. One can also find range of services for different sports including skydiving, skating, swimming, martial arts and much more.
Speaking on his investment in Sportido, Rahul Yadav, Managing Director – Sumpoorna Group said:
While cricket has always caught our fancy, the recent rise of sports leagues across football, tennis, kabaddi and other sports, is encouraging Indians to discover their enthusiasm for different sports, games and related activities. They are now making their way into the fields to play their own game, and looking to align with like-minded people to do so as well. Sportido is ideally poised to be the service that helps promote this passion by bringing together people and places”. He further added, “I saw great energy and passion in the Sportido founders and team and found the perfect synergy with them.
Neeraj Aggarwala, co-founder of the company, said,
We launched the Company with the belief that people are looking for new ways to engage with sports and built a team and community committed to serving them. I am so proud of the incredible work we have done so far and we are thrilled by the enthusiasm and commitment from our users and their strong support for continued growth.
As per a KPMG-CII Report, the Sports industry in India has seen rapid growth with the rising middle class’ higher disposable incomes and increase in share of spend on education and hobbies.