Mumbai: SportVot, a sports broadcast, and talent discovery platform, today, announced that it has raised Rs 9.4 Crore in a pre-series round. Led by Omidyar Network India, with participation from Anicut Capital, StartupLynk, Ventana Ventures, as well as existing investors Capital A, Ankur Capital, SucSEED Indovation Fund, and Marwah Sports, the funding marks a significant milestone in SportVot's mission to democratise sports through technology. This capital will help SportVot increase the creation of opportunities for emerging sports talent while enhancing sports participation at all levels across India.
Sportvot is a platform that provides a full suite of online services to stream sports events and help discover sports talent from the grassroots of India. Founded in 2019, SportVot has successfully delivered and commercialised grassroots-level sports, helped bring investment to local sports associations, and innovated sports broadcasting by utilising cloud technology. The firm has partnerships with the likes of the Brahmaputra Volleyball League in Assam, the Maharashtra State Kabaddi Association, the Football Delhi Association and the Nashik District Cricket Association, proving that even remote regions can participate in the global sports dialogue.
Highlighting the impact of this funding, SportVot's co-founder Sidhhant Agarwal said, "We are thrilled to have the backing of such esteemed investors. With this substantial investment, we aim to expand our technology and product offerings, not just within India but also internationally. Our goal is to make sports and advanced sports technology accessible to the millions of athletes and sports organisations across India and beyond”
Omidyar Network India director Rohan Vyavaharkar commented, “As an investment firm focused on the next half billion or NHB, we believe in the power of sport to create impact in this segment. SportVot is providing a platform for nurturing grassroots-level sports and democratising the process of talent discovery, especially those with limited opportunities such as the NHB. Its cutting-edge technology that allows anyone to broadcast from anywhere using any internet-enabled device with a camera makes it uniquely placed to help create impact. We believe in Sidhhant, Shubhangi and Yash’s vision and that SportVot will play a pivotal role in helping transform significant aspects of the sports sector in India."
The funding will primarily be used to make LIVE Sports Content and data capturing more accessible at all tiers of sport in India as well as globally, promote the culture of playing - professionally as well as casually and commercialise sports at the domestic level. Over the past four years, SportVot has digitised over 95,000 games from more than 15 sports, providing visibility to over 350,000 athletes. “We're ready to scale new heights, over the past four years, we have enabled digitisation for over 100,000 games from more than 15 sports, we look to take this number to over 500,000 in India and globally. Our aim continues to be to bring unprecedented opportunities to emerging talents," added SportVot co-founder Sidhhant Agarwal.
