Noida-based sports discovery startup Sportido has raised an undisclosed amount of funding in pre-series A round of funding from the early stage investment group Inflection Point Ventures.
Sportido plans to use the fresh capital to boost its product development and expand to other geographical locations including some of the major cities in India.
Founded by Akhil R and Neeraj Aggarwala, the startup provides a sports discovery platform which enables users to find and play more than 700 different types of sports in their neighbourhood.
Talking about Sportido and its mission, Neeraj Aggarwala, Founder and CEO, Sportido, said, “We are seeing a positive shift in people’s mindset when it comes to sports and fitness activities. Most of the urban population wants to play sport but has been starved of opportunities till now. Finding people and places to play sport in your area at your preferred time is hard and that’s the primary reason why people don’t end up playing Sport, despite high willingness. Our mission is to help everyone do more sport and it’s great to see our early users doing just that with the help of our app.”
The startup leverages advanced algorithms to connect individuals who want to play sports with other people with similar interests in an area. Sportido has an online platform as well as an Android and iOS app to offer its services.
Sportido focuses to create a sports ecosystem with fitness and sports activities along with spreading awareness and information about various kinds of sports. Earlier in October 2016, the firm raised an undisclosed amount of funding from Sumpoorna Group.