Stupa Sports Analytics, a leading sports-tech firm, has successfully secured ₹28 crore in a Pre-Series A funding round, spearheaded by Centre Court Capital and Peer Capital. The funding round was finalized at a post-money valuation of ₹98 crore, marking a significant milestone for the company, which has already raised ₹7.5 crore across three separate rounds.
The injection of capital will be instrumental in fueling the company's expansion plans and bolstering its technological capabilities to drive innovation within the global sports industry.
Specializing in providing analytics of player performance data, broadcasting capabilities, and sports digitization tools to games federations and sports teams, Stupa Sports Analytics currently focuses on racquet sports. Its clientele predominantly hails from European countries such as Sweden, Spain, Norway, and Portugal.
With the fresh funding in hand, Stupa Sports Analytics aims to attract top-tier AI/ML and engineering talent to develop advanced solutions in the rapidly evolving sports-tech landscape. The company also intends to embark on a global expansion journey, targeting markets such as the US, UK, Australia, and West Asia, while strengthening its existing presence in regions like Europe and Asia.
Moreover, the company plans to diversify its product offerings to encompass a broader spectrum of sports disciplines, including table tennis, badminton, as well as emerging sports like pickleball and padel. This strategic diversification aims to enhance market visibility and position Stupa at the forefront of the evolving sports industry.
Megha Gambhir, Co-founder and CEO of Stupa Sports Analytics, expressed gratitude for the enthusiastic support and confidence shown by Centre Court Capital and Peer Capital. Gambhir emphasized the company's vision of leveraging cutting-edge sports technology to empower athletes, federations, and fans with data-driven insights and digitally augmented experiences.
Gambhir highlighted Stupa's commitment to promoting 'Make in India' sports tech on the global stage, aiming to elevate the sporting journey for every Indian athlete and amateur player, enabling them to realize their true potential in the global arena.
HBL
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