About Sportido
Sportido is a Media & Entertainment company based in Noida (India) founded in 2015 by Akriti Anand, and was acquired by Hudle in March 2023. Sports facilities and events are booked via an app-based platform. Sportido has raised $596.53 thousand across 4 funding rounds from investors including Hudle, SucSEED and SucSEED Indovation. Sportido was last valued at $2.11 million in June 2021. Its Indian entity Ido Sport Private Limited reported revenue of ₹24.6 Lakh. The company was acqui-hired. Sportido offers products and services including Sportido Platform and Virtual Sports Service. Its focus areas include Consumer, Sports Tech, Social Network and Players.
Company details
Sportido was founded in 2015 in Noida, India, as an app-based platform in the sports sector. Users are enabled to discover and book venues, events, players, trainers, and coaches through applications available on Android and iOS. Participation in sports groups is facilitated, along with access to offers and discounts. Operations focus on streamlining sports-related bookings and community engagement in the region.
- Headquarters Noida, India
- Founders Akriti Anand
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Phone•••• ••••
- Website sportido.com
- Social LinkedIn X Facebook Instagram
- Acquired by Hudle (Mar 2023)
- Legal Name Ido Sport Private Limited
- Date of Incorporation 27 Aug, 2010
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of Sportido
Sportido operates through Ido Sport Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ido Sport Private Limited CIN U93000DL2010PTC207616 | Active | 27 Aug 2010 | New Delhi, Delhi | ₹0.2 Cr | 2 | View details |
Products & Services of Sportido
Sportido offers a comprehensive portfolio of products and services, including Sportido Platform and Virtual Sports Service.
Online platform for virtual sports and gaming participation.
Service enabling users to play sports remotely via apps.
Funding Insights of Sportido
Sportido has successfully raised a total of $596.53K across 4 strategic funding rounds. The most recent funding activity was a Series B round of $53.35 thousand completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $596,527
- Total Rounds 4
- Last Round Series B — $53,345
- Investors Count 78
All 4 funding rounds of Sportido with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $53,345 | Series B | $2.11M | Inflection Point Ventures | |
| Nov 2019 | $293,466 | Series B | $3.25M | Inflection Point Ventures, Inflection Point Ventures | |
| Oct 2018 | $249,716 | Seed | $••••• | Abhishek Mathur | |
| Oct 2016 | Seed | – | Sumpoorna | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $2.11M | •••••••• |
| Nov 2019 | $3.25M | •••••••• |
| Oct 2018 | $••••• | •••••••• |
Full valuation and stage history of Sportido
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $2.11M (Jun 2021). 79 investors in total: 6 institutional and 73 angel.
Investors in Sportido
Sportido has secured backing from 79 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Hudle, SucSEED and SucSEED Indovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Investment in early to growth-stage tech startups across various sectors. | 2016 | sucseed-indovation.com | Hyderabad, India | |
Venture capital and support services for startups in emerging technologies. | 2016 | sucseed.biz | Hyderabad, India | |
Early-stage investments in telecom, IT, and e-commerce are targeted. | inflectpoint.com | Newark, United States | ||
Delivers comprehensive insurance services to clients. | sumpoorna.com | Noida, India | ||
CP Chirag Praful Shah | unknown_a2ad15c13e3a49cd9 | |||
NB Nagendra Bangalore | unknown_7b9c506c21ff4eb0a | |||
VJ Vineet Jain | Angel investor, MD of Bennett Coleman, media mogul, active in startups | unknown_91f07cce0a674cd58 | ||
AG Arun Ganapathy | unknown_9b415c38445b435e9 | |||
UD Utpal Doshi | unknown_948e050927df4f9d9 |
Investor details for Sportido
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Ido Sport Private Limited (Sportido)
Ido Sport Private Limited is the primary company behind Sportido. The board of Ido Sport Private Limited currently have 2 directors; the longest-serving is Suhail Narain, appointed in 2023. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suhail Narain DIN 07152471 | Director | 02 Mar 2023 | 3 yrs 8 mo | Ido Sport Private Limited |
| Sonam Taneja DIN 08678464 | Director | 02 Mar 2023 | 3 yrs 8 mo | Ido Sport Private Limited |
People of Sportido
1 people are tracked at Sportido (1 in leadership).
| Name | Role | Group |
|---|---|---|
Akriti Anand | Co-Founder | Leadership |
Complete people profiles for Sportido
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Sportido
Figures of Ido Sport Private Limited, the primary company behind Sportido, for FY 2020. Revenue was ₹24.6 Lakh (+594% year on year). Net loss was -₹1.74 Cr (-707% margin). EBITDA was -₹1.68 Cr (-684% margin).
- ₹24.6 LakhRevenue · FY 2020 · +594% YoY
- -₹1.74 CrNet loss · -707% margin
- -₹1.68 CrEBITDA · -684% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Ido Sport Private Limited are on its company page.
Detailed financial statements for Sportido
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Sportido
5 dated milestones of Sportido across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Sportido is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $53K.
- Exit Acquired by Hudle.
Top companies in Sports Technology Platforms
3 companies that operate in the same segment as Sportido (Sports Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 |
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Related news about Sportido
Complete news archive for Sportido
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Verified entity values are shown only after access is granted.
Frequently Asked Questions about Sportido
Sportido was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Sportido is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Sportido is a funded company, having raised a total of $596.53K across 4 funding rounds to date.
The primary company behind Sportido, Ido Sport Private Limited, reported revenue of ₹24.6 Lakh for FY 2020, up 594% year on year.
Sportido was founded in 2015 in Noida, India, as an app-based platform in the sports sector. Users are enabled to discover and book venues, events, players, trainers, and coaches through applications available on Android and iOS. Participation in sports groups is facilitated, along with access to offers and discounts. Operations focus on streamlining sports-related bookings and community engagement in the region.
Sportido offers Sportido Platform and Virtual Sports Service.
Sportido has 79 investors. Key investors include Hudle, SucSEED, SucSEED Indovation, Sumpoorna, and IP Ventures.
The valuation of Sportido is $2.11M as of Jun 2021.
Sportido operates through Ido Sport Private Limited.
Yes. Sportido was acquired by Hudle in March 2023.
The legal entities of Sportido currently have 2 directors, including Suhail Narain, Sonam Taneja.