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. India has over 10 million aspiring/emerging athletes (U-19), and around 100k + semi-professional/ professional tournaments occur annually. But most athletes do not get access to the right set of tools and platforms to showcase their talent and engage with the ecosystem. This results in a lack of transparency in talent discovery which in turn increases the number of dropouts in the Indian Sports Ecosystem.
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 endeavor 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.”
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”.
Categories: Seed Funds
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