A startup accelerator fund established by Nithin Kamath’s Zerodha, Rainmatter, Indian tennis player Rohan Bopanna, WEH Ventures, Prequate Advisory, and angel investors including Balakrishna Adiga have all invested $2 million in the sports platform Game Theory.
The company claimed that the capital raised would be put to use for technology development, the establishment of skill-based collaboration, coaching products, and the growth of smart athletic venues.
“Our fully-integrated technology platform, with several first-in-the-worlds, will bring interactive features like real-time scorekeeping, video highlights, pro sports like stats and on-court matchmaking to enhance the overall experience for our users. This successful fundraising is just the beginning of how everyday sports can be transformed with technology,” said Game Theory’s founder Sudeep Kulkarni.
Through the addition of table tennis, tennis, and football to the current lineup of sports, which also includes swimming, badminton, and squash, the firm hopes to broaden its audience.
“One of the best ways to stay fit is to pick up and play a sport regularly. The problem is it’s hard to find locations to play regularly and match with similar skilled individuals. Game Theory is solving this problem by making sports accessible to Indians,” said Kamath, the founder of Rainmatter.
About Game Theory
“Gamifying” the experience of playing sports is the mission of Game Theory, a company backed by Techstars.