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The Sajjan Jindal Family Trust-backed VC fund is investing in a sports analytics startup

The Sajjan Jindal Family Trust-backed VC fund is investing in a sports analytics startup

 


Gurugram-based Stupa Sports Analytics has secured this 28 crore in a pre-Series A funding round led by Center Court Capital and PeerCapital.

Founded in 2020 by Megha Gambhir and Deepak Malik (former India Table Tennis Coach), the startup offers a range of AI-driven solutions for advanced player performance data analytics, broadcast capabilities and sports digitalization tools for athletes, sports federations, broadcasters and fans. communities worldwide.

Stupa's technology is currently used by 15 global sports governing bodies and federations, mainly in Europe. With the latest pool of funds, it aims to expand globally into markets such as the US, UK, Australia and the Middle East, while deepening its existing presence in regions such as Europe and Asia. Part of the money will be used to attract top talent in AI/ML and engineering to build advanced solutions.

With our innovative solutions already deployed by more than 15 international federations, we are proud that Make in India sports technology is at the center of the world,” said Megha Gambhir, co-founder and CEO of Stupa Sports Analytics.Also read: Elon Musk's xAI nears $10 billion deal to lease Oracle's AI servers: report

With the new capital, Stupa plans to enhance its product offering to cater to its extensive portfolio of sports disciplines, including table tennis, badminton and emerging sports such as pickleball and padel, along with other multi-sport options.

The company plans to launch a new fundraising round in 2025 to implement data and media rights monetization strategies, build a B2B2C segment focused on players, coaches and fans, and further expand its portfolio of sports disciplines to expand.

“Having closely followed Megha and Deepak's journey over the past two years, we have been deeply impressed by their continued commitment to redefining the future of racquet sports. We are excited to work together on their next phase of growth as they look to integrate their AI technology. driven analytics engine with cutting-edge sports technology on a global scale,” said Mustafa Ghouse, General Partner at Center Court Capital.

Ghouse, the former CEO of JSW Sports, co-founded Center Court Capital with TVS Capital veteran Alok Samtaney and launched a Rs 350 crore sports and gaming focused fund by April 2024, with Sajjan Jindal Family Trust as anchor investor, with Parth Jindal at the helm. Stupa Sports Analytics is Center Court Capital's first investment.

Also read: Indian startup gets $20 million to boost its ability to dispatch ambulances within 8 minutes

Sources

1/ https://Google.com/

2/ https://www.cnbctv18.com/business/startup/stupa-sports-analytics-raises-rs-28-crore-from-jsw-group-backed-centre-court-capital-peercapital-19412240.htm

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