SportzVillage, a Bangalore and Mumbai based company, has raised ~ $10 million from private equity firm Gaja Capital’s $250 million fund Gaja Capital III, reports ET. The funding will be used to expand operations. According to the same report, the company had raised $2 million from Bharati Jacob and Seedfund 5 years ago for one of its three businesses EduSports.
There isn’t much information available on SportzVillage, but its three businesses constitute SportzConsult, which is into sports management, EduSports, which provides physical education programs for schools and MeraSport, a tech initiative for ‘improving sports user experience’ through mobile, web and IPTV. As of now, the company claims to have a presence in 5 cities and offers services like sports marketing and events, sports infrastructure and sports ticketing among others.
Other developments in the sector:
– In July, Delhi based Playnlive Sports India, a startup which lets users search, plan and book sports slots at grounds and courts, launched an Android (Windows and iOS coming soon) app called Playnlive. The app lets users find and book fitness centres, sports clubs, sports academies, gyms and yoga centres along with sessions for personal fitness and yoga trainers at home. There’s also a company called 24by7 which lets users book for activities like aerobics, basketball, football, horse riding, skating, swimming etc in Rohtak, Delhi-NCR and Bhiwadi.
– In October last year, Multi Screen Media (MSM) owned LIV Sports secured the exclusive mobile and Internet broadcasting rights to the Champions Tennis League (CTL). In the same month, LIV Sports had also inked an exclusive tie-up to secure the Internet and mobile broadcast rights for the Indian qualifiers of UEFA Euro 2016. The Sony owned MSM launched LIV Sports, a sports website featuring articles and videos across various sporting events.
– In August last year, Canada-based mobile content platform Play It Interactive raised $1.1 million in funding from unnamed investors, with plans to use the money for product development, increasing local partnerships, and establish sports fan engagement platform in India and surrounding countries.
– In April last year, the Department of Industrial Policy and Promotion rejected French sports good retailer Decathlon’s proposal to sell its products to consumers online in India, despite approval from the Finance ministry.
– In February 2014, Ronnie Screwvala’s Unilazer Ventures forayed into sports management with the launch of a new division called Unilazer Sports and roped in Supratik Sen as the chief executive officer.
Our sports coverage here.
Image Credit: Flickr user USAG- Humphreys