About Sportido
Sportido is a company based in Noida (India) founded in 2015 by Akriti Anand was acquired by Hudle in March 2023.. Sportido has raised $596.53 thousand across 4 funding rounds from investors including Hudle, SucSEED and SucSEED Indovation. Sportido offers products and services including Sportido Platform and Virtual Sports Service. Sportido operates in a competitive market with competitors including Rovo, Sportside, Duplays, BeSport and The Post, among others.
- Headquarter Noida, India
- Founders Akriti Anand
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ido Sport Private Limited
- Date of Incorporation 27 Aug, 2010
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$33.65 K (USD)593.57as on Mar 31, 2020
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Net Profit
$-238.02 K (USD)-168.34as on Mar 31, 2020
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EBITDA
$-230.21 K (USD)-193.2as on Mar 31, 2020
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Total Equity Funding
$596.53 K (USD)
in 4 rounds
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Latest Funding Round
$53.35 K (USD), Series B
Jun 09, 2021
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Investors
Hudle
& 78 more
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Employee Count
Employee Count
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Acquired by
Hudle
(Mar 02, 2023)
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Products & Services of Sportido
Sportido offers a comprehensive portfolio of products and services, including Sportido Platform and Virtual Sports Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 4
- Last Round Series B — $53,345
- First Round First Round
- Investors Count 78
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - Sportido | Valuation | Inflection Point Ventures | |
| Nov, 2019 | Amount | Series B - Sportido | Valuation | Inflection Point Ventures , Inflection Point Ventures | |
| Oct, 2018 | Amount | Seed - Sportido | Valuation | Abhishek Mathur |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Investment in early to growth-stage tech startups across various sectors.
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Founded Year | Domain | Location | |
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Venture capital and support services for startups in emerging technologies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sportido
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sportido
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sportido Comparisons
Competitors of Sportido
Sportido operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rovo, Sportside, Duplays, BeSport and The Post, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of community platform for sports players
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| domain | founded_year | HQ Location |
Operates a social networking platform for managing and organizing sports events.
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| domain | founded_year | HQ Location |
Provider of networking platform for sports participants
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| domain | founded_year | HQ Location |
Local sports events are discovered and communities are connected online.
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| domain | founded_year | HQ Location |
Provider of an athletes networking platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sportido
Frequently Asked Questions about Sportido
When was Sportido founded?
Sportido was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Sportido located?
Sportido is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is Sportido a funded company?
Sportido is a funded company, having raised a total of $596.53K across 4 funding rounds to date. The company's 1st funding round was a Seed of $249.72K, raised on Oct 06, 2016.
What is the annual revenue of Sportido?
Annual revenue of Sportido is $33.65K as on Mar 31, 2020.
What does Sportido do?
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.
Who are the top competitors of Sportido?
Sportido's top competitors include Rovo, Kibi Sports and Duplays.
What products or services does Sportido offer?
Sportido offers Sportido Platform and Virtual Sports Service.
Who are Sportido's investors?
Sportido has 79 investors. Key investors include Hudle, SucSEED, SucSEED Indovation, Sumpoorna, and IP Ventures.
What is Sportido's valuation?
The valuation of Sportido is $2.11M as of Jun 2021.