Game Theory secured USD 2 million in a Pre-series A funding round. Nithin Kamath’s Rainmatter, Rohan Bopanna, WEH Ventures, Prequate Advisory and notable angels, including Balakrishna Adiga participated in the round. This is a maiden investment for Kamath’s Rainmatter into Gaming.
According to the company, the funds raised will be channelled towards continuing development of some of its first-in-the-world technology, building out skill-based matchmaking, establishing coaching products and expanding the reach of smart sporting facilities across the country.
Game Theory’s Founder, Sudeep Kulkarni, speaking on the fundraise, said, “At Game Theory, our mission is get people of all levels playing, by fostering a vibrant community that finds joy and camaraderie in sport. This funding milestone brings us one step closer to achieving that mission. Our technology will soon help people bring the “ultimate joy” of playing sports back into their lives”.
Moreover, Game Theory aims to expand its reach by increasing the number of centers. In addition to existing sports such as badminton, swimming and squash, the brand will soon introduce tennis, table tennis and football.
Notably, the investment from Nithin Kamath’s Rainmatter marks their first venture into the sports industry. This aligns well with Game Theory’s highly capital-efficient business model, which not only provides a strong foundation for scalability but also fosters mutually rewarding partnerships with facility owners.
Rohit Krishna, Partner at WEH Ventures, said, “We believe the next large consumer brand will be built in the services segment and we are ecstatic to be backing Sudeep and team to build the largest consumer sports brand in India. Sudeep is one of the most passionate founders I’ve met and he has a knack for understanding what consumers really want and then uses tech to provide delightful experiences.”
Prior to this funding round, Game Theory had raised about USD 5,00,000 from Techstars and other notable angel investors in its angel round.
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