Reports have provided evidence that India is said to have a $10-billion sports economy for the next 5 to 7-years. But there are already many sports startups available within the country, which are pretty popular. These start-ups have already made it to the Unicorn Club and are currently the most prominent sports brands within the nation. These well-known sports start-ups have a strong presence within the IPL or Indian Premier League. Some of the sports start-ups are also planning to provide sponsorship for the next ICC World Cup.
Well-known sports start-ups in the country
There are many sports start-ups within the nation and some of the most popular and reputed ones are mentioned below. Take a look!
- Dream11: Dream11 was established by Bhavit Sehty and Harsh Jain in 2008. It’s a fantasy sports platform where you can play fantasy sports, such as football, cricket, hockey, basketball, and kabaddi. Dream11 has over 50-million users, and the consumer base is growing with a CAGR of 230% for a period of 3-years. This particular sports start-up is endorsed by former Captain of the Indian Cricket Team, Mahendra Singh Dhoni. It also has a commercial partnership with 7 out of 8 IPL franchisees.Â
- Mobile Premier League: The Mobile Premier League is another sports platform, which is operated by Bangalore-based company Galactus Funware Technology Pvt. Ltd. It is one of the largest gaming applications in the country. You can win about ₹20-Crores daily. You can compete in multiple skilled-based tournaments and get to win plenty of cash. As of 2019, this particular platform has over 25-million users. The platform was founded by Shubham Malhotra and Sai Srinivas Kiran Garimella in 2018.
- Sports365:Â Sports365 is an online store that provides goods for fitness and sports. The company is from Bangalore. It provides some of the best products and items for all sports and fitness enthusiasts. You will find all kinds of items, such as footwear, apparel, and accessories at a reasonable price. The online store contains plenty of information, help, and advice as it will help you make an informed decision on the things you need.Â
- TENVIC:Â TENVIC provides coaching to children and helps them excel within their choice of sport. The company also provides mentoring and training to sportspeople and businesses. Doing so will enable all the brands to leverage sports within the marketing realm. The former coaches, sportspersons, and coaches from TENVIC aim to transform all the missions into reality.Â
- CultFit: CultFit is a chain of gyms, which is owned by CureFit. It also provides a diverse range of healthy food options under EatFit, diagnostic centers through CareFit, and mental wellness programs through MindFit. CureFit gained its spotlight in 2016. The company has raised around $75-million, and in less than a year it raised around $120-million. The brand is currently being endorsed by professional cricketer KL Rahul.Â
Last words to share
Many sports startups are gaining plenty of popularity for the products and services they have in store. Many of them are providing some of the best sports-related items. On the other hand, some are partnering up with well-known companies to provide high-quality services to their customers.