Sports-tech startup SportVot has raised Rs 32.7 crore in a funding round led by IAN Alpha Fund along with participation from Anicut Capital, Let’s Venture, Capital A, Succeed Innovation, Garima Vohra, and Gaurav Chanana, among others.
The Mumbai-based startup had earlier secured Rs 9.4 crore in a pre-Series A round led by Omidyar Network India in Feb. 2024.
The proceeds will be utilized to expand internationally and invest further in our AI-led production and distribution capabilities, SportVot said in a press release.
Co-founded in 2019 by Sidhhant Agarwal, Shubhangi Gupta and Yash Bhagwatkar, SportVot provides a full suite of online services to stream sports events and help discover sports talent from the grassroots of India. The startup has helped to bring investment to local sports associations, and innovated sports broadcasting by deploying cloud technology.
SportVot claims that it has already streamed over 500,000 matches across more than 30 countries and reaches an audience of over 100 million viewers, with growing traction across North America, Europe, the Middle East, and Australia.
The startup primarily monetises its platform by charging tournament organisers and sports bodies for video production and streaming services, while also generating revenue through pay-per-view, subscriptions, and brand partnerships.
According to SportVot, nearly 99% of sports played globally go unstreamed due to high production costs and limited access to technology. It aims to bridge that gap by making professional-grade sports broadcasting accessible to leagues and organisers of all sizes.
The other notable players in this space are the Ahmedabad-based CricHeroes and the Mumbai-based FanCode.
