In its pre-Series A funding round, which was spearheaded by Inflection Point Ventures and Sky Impact Capital, sportstech platform Hudle has raised Rs 7 crore. Survam Partners and Anay Ventures also participated in the round.
The company stated in a press release that the money will be utilized for marketing initiatives, product improvements, and footprint expansion.
Hudle is a sports technology platform serving the preventive healthcare market, founded by Suhail Narain, Arjun Singh Verma, and Sonam Taneja. It facilitates the booking of sporting events, the discovery of locations in hyperlocal markets, and the formation of communities by connecting like-minded people.
Hudle, which has brand ambassadors like Ajinkya Rahane supporting it, says it has enabled over a lakh game every month at 1,300 locations in 60 cities. More than five lakh players actively participate in the community.
In a recent funding round of Rs 14 crore (roughly $1.7 million), IPV invested in the fintech mobility startup Pumpumpum as well as the edtech startup MyCaptain. Among its recent investments are Onedioss, AllTrak, and BonV Aero.
With 11 investments, Inflection Point Ventures is reported by the media to have been the most active investor in Q1 2024. On the list after Blume Ventures were Venture Catalysts and Fireside Ventures.
