KIBI Sports Raises $100K Funding In Pre-Seed Round

KIBI Sports, a sports startup, has raised $100,000 in a pre-seed funding round from angel investors including Saurabh Aggarwal, Arpit Bhardwaj, Vartika Joshi, Suryansh Jain, Pranjal Bansal, Amit Kumar Sahu, Pratibha Rani and Sushila.

The company plans to use the funds to grow its operations, improve technology, and expand its platform to reach more people.

With India's sports industry expected to reach $100 billion by 2027, KIBI Sports claims it is in a strong position to benefit from this growth and bring about significant change.

Read also - Race for Haldiram Snacks, Temasek Ahead with Signed Term Sheet

This funding is a major milestone for KIBI Sports, opening doors for innovation, collaboration, and impact in the industry. With its focused approach and dedication, KIBI Sports is set to lead a new era for sports startups in India, the company said.

KIBI Sports says it has signed up over 20,000 athletes and 800 sports institutions, and has secured several sponsorship deals.

KIBI Sports had earlier raised $129K from Lakshmana Padmanabhan and others.

Advertisment

About KIBI Sports

Founded in 2020 by Sagar Rai, The Bengaluru-based KIBI Sports aims to build a sustainable sports environment where athletes, brands, and institutions can thrive together, while offering scalable solutions to transform the sports industry.

KIBI Sports operates through three main revenue channels: a digital marketplace for sports equipment and merchandise, a platform connecting athletes and institutions with brands for sponsorships, and a streamlined system for sports event registration and booking. 

The platform serves stakeholders across the sports ecosystem, especially in Tier-2 and Tier-3 cities, while promoting underrepresented sports.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Advertisment

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.