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Push Sports raises undisclosed amount of seed fund from ah! Ventures Angel Platform and Others |
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| Delhi based sports education and infrastructure startup Push Sports has raised an undisclosed amount in its Seed round from ah! Ventures Angel Platform and others including BeyondSeed and Moonshine Technologies Pvt Ltd. Singapore based investor syndicate, BeyondSeed led the round along with Delhi based, Moonshine Technologies Pvt Ltd, which also run Pokerbaazi.com, investing sizeable funds alongside ah! Ventures. ah! Ventures’ has done 156 investments in 108 startups till date taking its total investment portfolio to INR 311 CR (~40 MN USD) with 15 exits and 35 follow on rounds. 56 investments have happened through all three platforms in 2022 till date. |
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| The fund raised will be utilized for expanding reach from six exclusive arenas in Delhi NCR to the cities of Chandigarh, Jaipur and Rohtak. |
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| Push Sports is building a full-stack, sports-led Fitness and Training platform providing access to professionally run, digitally connected playing arenas with day & night sports facilities. With a newfound focus on “children’s health post-Covid” and various government-led initiatives aiming at the growth of grassroots sports in the country, Push sports is well-placed to carve a niche for itself in the USD 20 billion wellness market in India. |
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| “Sports is a superpower when it comes to managing physical and mental well-being. Especially in formative years, it can stimulate holistic growth of an individual by developing key skills such as teamwork, leadership, managing failure and social engagement. At Push we partner with parents in exploring the greatest talents of each child by offering a platform to express and hone their skills and personality”, said Puru Singh, Founder at Push Sports. |
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| “Our go-to-market strategy has provided us a capital-efficient growth engine that can be scaled-fast to capture this USD 2 BN TAM opportunity in South Asia and the middle east. Working with Schools, Clubs and Societies helps reduce our CAPEX and customer acquisition costs in addition to acting as a strong barrier to entry at the hyperlocal level,” says Nitin Pahuja, Co-Founder, of Push Sports commenting on the business model of the company. |
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| Commenting on the growth plans of the company, Mukul Grover, Co-Founder of Push Sports said, “We have built a strong consumer franchise with our technology-first approach, world-class coaches and focus on creating IP leagues at the junior level. With this fundraise we aim to invigorate our competitive advantage even further by expanding our arena network at top academic institutions of the country in line with our go-to-market strategy.” |
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| The company is an exclusive strategic partner of Da One Sports, owned by Indian Cricketer, Shikhar Dhawan, and is managing all Da One Sports’ academies and in-school programs and thereby making in-roads at various key locations in the country. |
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| Push Sports has been growing at a fast clip with over 150 per cent revenue growth expected in FY23 vs FY22. With over 400+ subscribers and 1500+ pay-to-play customers, the company has seen strong growth in its subscriptions business with a churn rate of less than 3 per cent. |
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| Karan Gala, Deal Lead - Push Sports and Venture Partner - ah! Ventures said, “Push Sports is focusing the attention on sport enthusiasts, building a phygital ecosystem for venue and player discovery requiring the whole
ecosystem to evolve. Post pandemic, the emerging channel phygital has built the bridge between digital and physical brand interactions gaining
immense traction, making it a good bet. India booming with sports enthusiasts, Health and fitness Market is growing at 20% YoY with every day Indian becoming health conscious.
Company has potential customer base of 8 Million customers in age group of 7-44 years from 20 large cities. They are an experienced team of entrepreneurs with 10+ years of corporate experience and IIM-C Alumni. An ex-Ranji trophy player with 10,000
hrs+ of ICC Level 2 coaching experience adds to the credibility of the team. Open spaces are scarce resource in large cities. This company is operating and developing sports arenas in large Indian cities for kids and
adults to indulge at pay per use basis. Their franchisee model and B2B collaborations has scalability and can be replicated across India." |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 311 CR (~40 MN USD) in 108 startups & 156 investments and have announced 15 exits & 35 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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