Dravstream Technologies Pvt. Ltd. – SportVot, a SportsTech company raised an undisclosed seed round led by Ankur capital. Other investors included Capital A, SucSEED Indovation Fund, and Marwah Sports.
SportVot is a hyperlocal sports platform that aims at creating an online channel to stream sports events and help discover sports talent from the grassroots of India while creating a community of sports enthusiasts.
Rema Subramanian, Managing Partner Ankur Capital said, “Sportvot enables young sports persons to showcase their talent and be discovered, leading to penetration of sports into the masses and making India a leading sports nation.”
Ankit Kedia, Founder of Capital-A, said, “At Capital A, our endeavour is to build an ecosystem that supports the diversity of tech-driven startups who can contribute to the growth of the national economy. We have backed a number of brands in various verticals and are always keen to support startups that can emerge as differentiators and enablers in their domains. Our investment in Sportvot is a continuation of that strategy. Sports are a part of Indian pop culture, and through its combination of technology and focus on the local sporting talent as well as events, SportVot has rapidly gained a significant standing in its domain. With a unique approach to not just showcasing talent from all over India, but also building an entire ecosystem that benefits all stakeholders, the platform is bound to grow as a major force.”
Speaking on why they have invested Vikrant Varshney Co-Founder & Managing Partner of SucSEED Indovation Fund, said, “According to the Marketwatch, Global Live Streaming Market is expected to reach $24 billion by 2027 to register a CAGR of 28.1% during the projected period. Live video streaming is trending nowadays due to the increasing acceptance of YouTube, Facebook, Instagram, Hotstar, and many more. SportVot provides a cost-effective and convenient end-to-end solution to sports bodies and tournament organizers for capturing and broadcasting their games, audience/community engagement, brand sponsorships, and monetization.”
Pranav Marwah, CEO of Marwah Sports said, “Having tracked the team’s progress from their original product avatar, it gives us immense pleasure to see them crack product market fit in a highly underserved market in India. Offering live video streaming with native advertising opportunities alongside high-quality production tools, all at an extremely affordable price, they have created a full-suite platform to showcase the next generation of local sporting heroes.”
Sidhhant, Co-Founder, SportVot, quoted, “The latest fundraise will help us scale our product and technology. We look to expand into new geographies across the country and bring access to live video capture to as many sports games as possible. We are extremely delighted to have our new investors on board and I look forward to working together with them as we discover the next generation of sports talent across the country”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.