KIBI Sports, a pioneering sports technology startup founded by former national-level athlete Sagar Rai, has successfully raised $100,000 in a seed funding round.
This investment, led by a distinguished group of angel investors, including Saurabh Aggarwal, Arpit Bhardwaj, Vartika Joshi, Suryansh Jain, Pranjal Bansal, Amit Kumar Sahu, Pratibha Rani, and Sushila, brings the sports tech innovator’s total funding to $229,000.
This infusion of capital will empower Rai’s venture to significantly accelerate its growth trajectory. The company will utilize these funds to enhance its technology platform, expanding its capabilities and improving the user experience.
Furthermore, the sports platform will strategically scale its operations by expanding its team and intensifying its marketing and sales efforts. This strategic expansion will enable the company to broaden its reach across India, with a particular focus on empowering athletes in Tier-2 and Tier-3 cities.
Founded with the ambitious vision of transforming the Indian sports landscape, the sports tech innovator has meticulously crafted a comprehensive platform that serves as a vital nexus for athletes, institutions, and brands. This innovative platform encompasses a vibrant digital marketplace that facilitates seamless transactions for various sports equipment, apparel, and accessories.
Moreover, the sports platform has developed a robust sponsorship platform that connects athletes and sports events with brands, fostering mutually beneficial data-driven sponsorship deals. To further streamline the sports ecosystem, the company has integrated an efficient event management system that simplifies registration, ticketing, and logistical processes for tournaments and leagues.
“Our vision is to create a sustainable sports ecosystem where athletes, brands, and institutions can thrive together. KIBI Sports is here to transform the way the sports industry operates by offering scalable and effective solutions,” says Sagar Rai, Founder & CEO of KIBI Sports.
With an impressive roster of over 20,000 athletes and 800+ sports institutions already actively utilizing Rai’s platform, the company is rapidly gaining significant traction within the market. By effectively addressing the critical challenges faced by stakeholders across the entire sports ecosystem, the sports tech innovator is strategically positioned to capture a substantial share of the burgeoning Indian sports market, which is projected to reach a staggering $100 billion by 2027.
KIBI Sports is an innovative sports technology startup dedicated to revolutionizing the Indian sports industry. Founded by Sagar Rai, a former national-level athlete, the company has developed a unique platform that empowers athletes with access to invaluable training resources, exciting sponsorship opportunities, and comprehensive professional development programs. The platform also serves as a valuable asset for sports institutions and brands, enabling them to effectively identify and recruit top talent, streamline their operational processes, and maximize their overall impact. By leveraging the power of technology and fostering a collaborative and inclusive ecosystem, the sports platform is paving the way for a brighter and more prosperous future for Indian sports.